Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

These are due August 15th (and these are 10K for the last fiscal year, I believe) but many have already been submitted, and I doubt that the regulation applies retroactively. From an earlier post, I see that this "new" regulation applies only to documents submitted to the SEC, not news releases, nor even earning reports submitted to new agencies. This reg has no teeth whatsoever. CEO and CFO were already signing these documents, and if found fraudulent were liable to prosecution. I was hoping that it applies (and that what the media implied) to any "material" information promulgated by the companies. I even remember that the signing was supposed to have language about certification that "No material information" is omitted. Well, crooks are going to find ways around that regulation as well, they got lawyers...

Zeev