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Wednesday, April 23, 2014 11:28:44 AM
The SEC preaches disclosure, but when you crush investors and companies, it encourages them to say nothing, so you have 0 transparency, just the total opposite of what the SEC wants to accomplish
You know I have been thinking about the SEC policy and I really don’t think they want transparency on SEC violations and probably for good reason.
If they published the details of every scam, violation, and formula for ripping shareholders off think of how many copy cat violators they would have to contend with and how it would enable others to perfect/improve the scams.
People would learn from others mistakes and make the SEC more vulnerable or less effective.
Obviously when it comes to civil and criminal cases the defendant would have a legal right to that information to defend themselves but otherwise why release the information to other crooks. JMHO
GLTA.
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