InvestorsHub Logo

IQ1

Followers 6
Posts 1052
Boards Moderated 0
Alias Born 05/09/2008

IQ1

Re: denver54 post# 291675

Tuesday, 02/02/2010 12:17:15 PM

Tuesday, February 02, 2010 12:17:15 PM

Post# of 358440
We agree this is true "The SEC allowed this fraud and aided and abetted this fraud by their actions and inactions. The SEC concealed from the general public the fact that trillions of dollars in counterfeit shares were on the market. The SEC created rules that not only violated their constitutional mandate, they made rules that ensured that thousands of victim companies and hundreds of thousands of individual investors worldwide would never receive relief. In particular, the SEC aided in the cover up of this fraud by creating the Grandfather Clause in concert with the perpetrators in a closed door meeting with SIFMA. They knowingly violated their constitutional mandate by protecting the perpetrators instead of the investors they are mandated to protect, and they covered-up a multi-trillion dollar fraud."

It no wonder they had to perform some major restructuring after da fact ;)

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.