Interups Inc (ITUP)

[adijas]

Not saying they should look at a website, but geez if you suspend a company for being dead and not look up the SOS on that ticker and see a recent re-instatement, then you are a lost cause as an agency. As far as I'm concerned the SEC is responsible for millions of dollar lost on retail guys with some of their actions in the last 5-8 years. What comes next? SEC suspending current tickers because somebody mentions them too often on twitter and the stock has gone up too far? That's the next step then.

OTCM has much power, which is quite strange because it's a public traded company. Brokers that won't allow trading in CE tickers, just because OTCM give them that label (and sometimes it's very hard to remove it). And SEC is relying on it to. Hence OTCM introduced the verified profile, so investors know it's safe.
And in this reinstatement case (think it was MEDT, I believe it was few days before suspension. SEC had done all their work before that.

About protecting retail investors. People who were inveted in a susended ticker always blame the SEC. But the SEC can't protect current investors, only future investors. It like the law. If a rapist goes to jail, the women he already raped won't be protected.

There will be a lot of hard to decide tickers.

Can't argue with that