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Re: Porteño post# 34102

Thursday, 02/22/2018 9:46:59 PM

Thursday, February 22, 2018 9:46:59 PM

Post# of 38832
Too bad. The Federal Government is not in the business of sanctioning crime. Which is what the vast majority of these non-SEC registered penny stocks are. They are either insider enrichment schemes or outright frauds, whose sole purpose is to defraud and take money from their "investors". They not only do not contribute to the economy in any positive way, they are a drain, just like any other crime.

That is why ever other industrialized nation has eliminated OTC trading of unregistered stocks. And their economies are better for it. The US should do the same.

PDXP committed plenty of wrongdoing. Touting the acquisition of fake assets to pump (and dump) the stock, just to name one.