CMKM Diamonds Inc. (fka CMKX)

[jb1967lbk]

First of all, there is a process to revocation. And even a scam outfit like CMKM Diamonds is entitled to due process of the law. If you want to change the process of revocation, that would certainly be something to take up with the SEC and/or Congress. However, there is a reason that the current process involves an initial suspension, followed by a hearing, and then a final revocation. Do you really want the SEC to have the power to arbitrarily revoke the registration of any company they see fit to revoke at any time?

Why should there have been any actions taken against broker/dealers accepting unsolicited orders from customers who want to dump their hard-earned money into a scam?

"Delidog", like Casavant, et al, is also entitled to due process of the law. He didn't become a criminal until he committed the act of selling unregistered securities. You certainly can't have expected the SEC to have known of "Delidog"'s intent prior to the act.

The only repercussions the SEC faces now over the CMKM Diamonds hype comes from a handful of whack-job malcontents who still don't understand how and why they got ripped off. They're pretty used to the crazies by now.