Fully regulated my ass. What a crock.
He is picking and choosing his metaphors. Poorly. No one EVER said everything traded on an Exchange is "safe". And OTCMarkets STILL is the wild, wild west because no one has direct authority to do anything about obviously fake filings and those that outright lie about being GAAP compliant and such.
Sure, more "information" is available on these issuers, but quite often it is wrong or incomplete information. Sometimes it is inadvertent, but most of the time it is intentional by the issuer and their enablers to scam the public. And OTCMarkets does absolutely nothing about it because they can't. They are not a regulator for one, and even if they could, it is doubtful they would, since these are their clients and they want their money.
Wrong information is not better than no information, as its sole purpose is to defraud. And that sums up OTCMarkets in a nutshell.
