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Tuesday, December 06, 2022 4:02:10 PM
DBMM should not be here today. Your last paragraph is accurate and the reason the reason the situation today exists. DBMM screwed the pooch for quite some time and then when SEC jumps in they seem to have followed suit. This whole thing has been amateur hour. It was littered with bad actors as well.
But way I see it is like this. Regardless of everything before DBMM got pulled, after that occurred the SEC never followed through with revocation. I don't have everything the was looked at to dismiss the proceedings but I have to assume there was something that swayed the opinion.
Really doesn't matter now though. As much as there is a historical precedence for the revocation process being non negotiable, there is absolutely one for these agencies protecting their own.
That coupled with some serious incompetence I do see the SEC dying on this hill.
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