Well,
What it really boils down to is this.
THE SEC and most of it's so-called investigators, analysts and Directors, are utter Phuking morons!
They couldn't uncover manipulation, options strategies resetting regSHO buy in requirements, or unauthorized trading in outside accounts if you spelled it out in a comic strip.
They couldn't wipe their own A** unless told how to do it. Most of the Directors are lawyers that worked for wire houses or broker dealers as interns, and when they finished school, they went to work at the SEC or FINRA, for that matter, to protect all of their "buddies".
The biggest source of conspicuous consumption on the planet comes from SEC employees. On top of that Chairman actually believes the markets and stocks aren't rigged, when a number of mathematicians prove them wrong all the time.
That is exactly why investors began turning to outside forensic firms and law firms. Complaints come in and get deleted. No one can do shit at the SEC because they get smacked around by big time law firms that make them look like the complete morons and idiots they are.
Halt a stock? Are you kidding, and end up dead in a dumpster because the High Frequency Traders that are offshore and out of the reach of the US legal system rape our markets?
There is a whole section at the SEC that is dedicated to making sure investigations DO NOT HAPPEN. Unless someone breaks silence or whistleblows to the extent that it gets media coverage, tra la la.
Hell, they even trade based on the complaints they get, and the DOJ terminated the investigation into SECs and their family's own trading activity.
What exactly do you expect to happen when the the Foxes are charged with feeding the hens to the masses. They want their cut just like everyone else.
SEC? What a phucking jester you are! They are undereducated, totally clueless, dinkless, have no concept or thought that anything illegal is happening, and no way it could be Jerry the head trader at XYZ who's kids Birthday party they were just at on Long Island.
I once submitted a complaint to the SEC where I had a private investigator follow two traders for 7 months recording conversations between them and others about short and distort scheme. Had recorded conversations with analysts, journalist, etc. on how the whole thing was being set up. You know what they wanted to know? How the heck I got the tape recorded conversations.
They didn't give two craps about the evidence or the proof of what was done to the company (which went under by the way when they breached their loan covenants.) They were more concerned if I had violated privacy laws or gained unfair access to non-public information.
SEC - What a Phuking Joke!
AI
