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Re: Slojab post# 58753

Sunday, 05/30/2021 8:08:46 AM

Sunday, May 30, 2021 8:08:46 AM

Post# of 81445
Just looking into this regulation further. Redfearn (SEC Chief) set himself up for serious litigation. He'll have to prove at least the following:

1) What was wrong with the old rules and mechanisms to prevent fraudulent or misleading information. Then explain "why" they didn't target the discrepancies or gaps.

2) They'll need to explain why they maliciously intended to harm or damage every small business in the market AND why they didn't take measures to lesson the financial burden to OTC companies in filing.

3) Redfearn's comments are defamatory and I'm surprised politicians haven't jumped all over this. A couple well placed calls and this will be suspended pending Redfearn sitting before a congressional finance oversight committee (Mad Max Waters?). Considering the new movement on Black Owned Businesses, this will be perceived as "privileged" ad be forced to make exclusions. I'm 100% certain small disadvantaged businesses will chime in on this.

4) I see the IRS behind this also. If you look into the reasoning behind this, it has IRS and Fed written all over it.

I don't see this materializing in September without a lawsuit or a congressional oversight committee dressing this down. JMHO