They didn't do a good job as they stated in their own words they were understaffed, underfunded, and had very little authority.
Janice didn't you say in your own words that they were only able to suspend CMKX for 10 days and then they could not do Jack if CMKX continued trading????????????
Not only that they admitted in the open that they had a computer glitch and were unable to detect the billions of shares trading daily as the counter was off the scale!!! So in fact they had no idea that we were being robbed.
So to sum things up they had out of date computers, out of date software, even if they tried they were understaffed because they were underfunded, and even if they cought someone they could not prevent anything for longer then 10 consecutive days. How great is that ???
Now if the SEC was an organization that was truly ment to protect investors they would have the following:
computers that actually work and monitor stocks as an example revenue canada has a special system in place to let them know if someone has crossed the border/ boarded a plane/ used their credit card outside the country and its fully automated so they have more time to deal with improving their systems.
If the SEC hired some real programmers to automate a lot of their tasks it would free up their staff...if their computer found a pink sheet is worth as much money as significant stock on NASDAQ and with very high daily trading then they could to concentrate their resources on monitoring these types of stocks.
With the age of computers we now have the ability to view actual atoms thanks to the research that was done by IBM using STM microscopes and isotopes and the ability to actually move a single atom around.
Computers are only going to get smaller and faster!
Why is the SEC not taking advantage of technology to track repeat offenders and which stocks they are involved in ???
Why is the SEC not using CMKX as a primary example to state their case to congress that they need funding to improve their monitoring abilities and to request more authority to free up the court systems.
CMKX is a prime example where you have thousands of individuals who have lost millions in dollars and how the system is failing protecting the public because lets face it ! Its just out of date!!!
Janice smell da coffee! Its time to face reality!!!
AI
