AMC Entertainment Holdings Inc (AMC)

[Beek]

Agreed! Visions of Harry Markopolos's Congressional testimony against the SEC comes to mind.
This would be yet another time that a major crash happens and the problems were foreseen well in advance, the warnings were handed to the SEC on a silver platter, this time by the apes, and the problems/enforcement failed to correct.
In my opinion, if there is yet another need to rake the SEC over the coals in front of Congress again... this will go beyond a "we're not happy with you so we're going to fire you Gensler and replace you". Instead, this will be a total scrap and rebuild of the SEC as an organization because it's a failed oversight & regulation entity as a whole. Imagine having a baseball game being umpired by people that are less saavy than the players and the only way the umps know what's going on is to corner players and pay them money (whistleblowers) to explain what's going on... "What??? You mean if a player accrues 4 balls they get to take a base EVEN IF THEY DIDN'T HIT THE BALL?!? Time to reduce the strike zone!" ROFL!

And everything is all after-the-fact in after-action reports rather than proactive prevention of problems such as following rules/laws by NOT issuing waivers (for collateral deposits for example).

And that's before we even get into accusations of regulators being complicit through malfeasance, misfeasance, and nonfeasance, and/or biases toward teams, and/or ineffective powerless fines even if they do attempt actions!

Let's just hope that sunlight is the best disinfectant and transparency will bring justice to where it's needed in the markets in order to survive and improve. Otherwise, let it all burn down and watch the evil consume itself making for a helluva show, I guess. Maybe something good will still come out of the rubble.
IMO/NFA