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IQ1

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Posts 1052
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Alias Born 05/09/2008

IQ1

Re: IQ1 post# 258227

Wednesday, 09/03/2008 9:49:02 PM

Wednesday, September 03, 2008 9:49:02 PM

Post# of 358547
So here we have it:
The SEC approved the merger of the NYSE and NASD to form FINRA which is to oversee all the Brokers and trading. The FINRA is actually contracted out by the NASDAQ and International Sec Exchange market and all that NevWest had to do was register themselves with MSRB in 2001 and received a SEC registration number from the SEC for a couple hundred dollars.

It seems like the SEC is at the tope of the food-chain!
They had the power to approve the merger of the NYSE and NASD, which in turn contracted out FINRA to make things more efficient and safe.
All NevWest had to do was spend a couple dollars hire 10 guys who wrote a some Securities exams and register themselves with MSRB which was all comes back to the SEC who issued them a registration number in the first place.
Surely the SEC can not possibly know that an entire Broker has gone bad right ???
But wait FINRA was suppose to monitor all that by making things very efficient in the stock market.
Next question is what roles do all the other parties play in this stock fraud !!!!!!!!!!!!!!!

Maybe we should start thinking about becoming a Broker seems like no one is watching. No one is taking responsibility.
Hey its like steeling money from a baby.

Lets see maybe we can call it CMKX Brokage I think I have a few hundred dollars laying around, next hire a couple guys rent a place for one month and presto we have our Secure Stock market with FINRA ensuring we behave right maybe LOL




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