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Re: fourkids_9pets post# 3049

Monday, 03/28/2011 2:26:50 PM

Monday, March 28, 2011 2:26:50 PM

Post# of 20257
1) ~ all Transfer agents required to show respective co.s' SS on their website .. either weekly or daily

I agree that gagging TAs should be prohibited, as it should for TAs to say it's their "policy" not to give share structure information to callers. But the SEC should set up a place at its own site where they can update that information weekly. Leaving them to do it at their own websites would invite non-compliance.

2) ~ total disclosure required re: compensation <of any kind .. stock, cash or goods in kind> to post on stock msg boards

That already is required. What needs to be disclosed is who actually, and ultimately, pays for promotions. The "third party" thing doesn't cut it.

3) ~ requiring all sites <be they *promotions* or sites like MW/Citron> to disclose who is compensating them for their *articles*

Same thing. They're required to disclose. They should also be required to attach at least one real name of one real person to the site in question. That is almost never the case with promoters.

4) ~ having interactive software via the SEC so those firms hired by a co. and then 8k'd actually can *acknowledge* receipt of documents by their client <time frame on this within 30 days of a co. filing an 8k>

No I think that's a bad idea, for reasons already explained.

5) ~ all newly public co.s have their stock electronically tagged with all other co.s retroactively tagged within a set time period <12 to 18 mos>

Makes no sense to me at all.

6) ~ A zero tolerence for FTD's. If a FTD occurs, the trade is busted with all money including fees paid returned. The party causing the FTD would pay 10% of the value of the trade as a penalty to the other side of the trade.

FTDs can occur for many reasons, and they can occur for both long and short trades. Bad idea.


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