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Thursday, June 18, 2009 7:16:02 AM
ME: So perhaps the SEC should be sued as well?
YOU: No, because they have warnings about the danger of buying non-reporting Pinkies all over their website.
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(-and the microwave ovens also warns not to use them to dry off pets)
-Wink-Wink!
My new response;
But there inlies the problem of which the SEC should be held accountable.
Why in today’ computer technology, the SEC (of all governmental affiliates), allows the existence, yet alone perseverance of companies “THEY KNOW” are not reporting while under their watch?
And even have this so-called “warning” of non-reporting companies, posted all over their websites –for years, without going after them.
Every trading company is electronically traceable!!
All the SEC needs to do is set things up “electronically” so that companies needs only to “Report” to be tradable in the market place.
Those who do not report are automatically halted from trades of securities until they do.
Just like a cable bill, no pay – no channels! -at the flick of a switch.
I guarantee there will be a decline in non-reporting companies getting their shares sold as more and more investors begin to invest accordingly.
The SEC has the technology to DO a better job at what they’ve been created to exist for.
THE SEC SHOULD BE HELD ACCOUNTABLE!
Investor’s poor choices are not what’s being argued here, it the initial existence of fraudulent companies that should have never passed the SEC to be accessible FOR trades, yet alone be known about without actions taken against them, BY THOSE in place to do so.
Maintaining TRUTHS requires 'little to no effort' than Maintaining LIES.
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