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Thursday, May 17, 2007 10:17:59 AM
They make certain that all "i's" are dotted and all "t's" crossed. They are meticulous in disclosing the required statement of risks in their SEC filings.
The cost of running one of these things - beyond the, uh, uhm, "marketing" expenses - is largely comprised of paying the requisite tribute to the accounting and legal industries.
You stay consistent in paying tribute and you will largely be operating above board.
The only way the SEC can stop the flow of penny stock P&D's would be to make the regulatory filing costs extremely high - so high as to create disincentives. If it were to cost say $500K to get into the game, the risks would be elevated and much of the "profit" incentive wiped out. But it isn't going to happen.
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