I disagree. In my experience, OTCMarkets does nothing, even with the most obvious scams. As long as they pay their bills to OTCMarkets, of course.
They only use the threat of Caveat Emptor against those that don't pay. If they don't file, they just go pink. But as long as they upload something, no matter how ridiculous, it is OK with them as long as they are current on their bills.
Coulson knows the SEC and FINRA will never allow him to become a regulator, so now he is pretending to not want it. It is like the little kid on the playground who tries to join the game, and when he is turned down, he pretends he never wanted to play, anyway. He is fooling no one. He lobbied -- HARD - for regulatory authority for years and years.
No information is still better than wrong information. It may be more helpful for the individuals like yourself that have knowledge and know about the markets, but for the vast majority of people buying penny stocks, they don't have that ability and therefore are easily fooled by the wrong information. Which is exactly the intent. And OTCMarkets clearly could not care less as long as their fees are paid.
