Hemi Energy Group Inc. (fka HMGP)

[BonelessCat]

Yes, that is also what I've read and heard. The SEC doesn't have enough people to watch the Big Board and NASDAQ much less any of the otrher exchanges and their agents.

One would think that the SEC would have an oversight group with a ratio of at least one ispector for each brokerage with market makers in NASD. This would not be costly. At this level of startup, the approach is buyer beware since the vast majority of pinks are non-reporting and/or non-filing. The real concern should be activities of the MMs that unduely add to the risk, as well as harm legitimate startups. Once oversight was established for brokerages, then those same teams could also focus on blatant fraud, especially by EDGAR filing management who are bound by regulations to accurately and honestly report.

I guess such a solution would be just too simple. Instead they create complex rules with wiggle room fine print and leave the elephants in charge of the peanuts.