Fortitude Group, Inc. (FRTD)

[seque]

this is why we have the '34 Act for companies to report their activities to continue trading on exchanges. there is an inherent trust that shareholders have that companies will report transparently and correctly. that's why the sec was formed in the '30s. criticism of the sec is inappropriate, though in circumstances, one may disagree. but the markets need arbiters and rule makers to insure markets function rationally. can it be improved upon, surely. but the regulators perform a needed function. and it is incumbent on those that access the public capital markets to comply. trusting that management understands the errors in the q and corrects them. and if the transactions that were announced could be completed, then that is a positive.