I am going to say something really weird...
I think the SEC is way behind the curve, technologically speaking.
I have spent several hours viewing Artiticial Intelligence videos. I will spend more time viewing them, trying to gain an understanding.
It is my view that human decision making should be removed from the equation. And by decision making I mean the SEC finally gets around to having a meeting and then arrives at a decision===six months after all the damage to ordinary folks has been inflicted.
Machines, and by that I mean artificial intelligence machines, should make the decisions about stopping a stock from trading, and not six months later, but within a few hours after a fraud has been detected.
Artificial intelligence machines can be created to detect fraud.
As Ray Kurzweil, the author of The Singularity Is Near, explained in a way I am able to understand: It's all about pattern recognition.
When you guys post your alerts, what you are doing is displaying pattern recognition.
I suppose one could put it in vernacular terms: Been there. Done that. Got the T-Shirt.
But here we run into a little problem as it pertains to America's way of dealing with jurisprudence (did I spell that right?) Innocent until proved guilty.
Or, as it pertains to the message board debates with the pumpers, much less the CEOs of these Ponzi schemes, they always ask: Prove that it is not a scam.
As I see it, the Artificial Intelligence could quickly intervene and halt the trading without a committee of SEC lawyers getting around to it six months, or six years for all I know.
The new SEC chairperson, as I see it, should be at the minimum, a MIT graduate, with no law degree, prerably a person who never had an intention of studying one minute of law.
