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Re: loanranger post# 13396

Friday, 07/22/2011 2:05:41 PM

Friday, July 22, 2011 2:05:41 PM

Post# of 221944
The debate of how much "protection" by the law or governing bodies may be up for debate. But the fact that there needs to be some is not. Also when there is an obvious lack of “protection” in comparison to the rampant scams and lack of real business other than to just sell shares for the personal benefit of the ones who doing the scamming, then more “protection” (more regulation and/or enforcement) is definitely warranted.

The theory of we all need to take our own responsibility and cannot protect the less intelligent, weaker, less experienced, more naive, etc from themselves can only go so far. If we did not have laws, courts, etc against thieves, muggers, and crooks and only say that people need to be stronger, more in shape, trained, carry more guns, gets irresponsible in itself.

Again the question is "how much" or what kind and then the real big one -- enforcement with proper priorities and not succumb to the financial abilities of the violators, but instead attack those abilities and create proper means to collect the costs from those violators by any means possible. Along with a goal of making the fact that crime should NOT pay due to one of the problems, especially in the pinky market, the crime so often does.

But there is validity in that we as a society, all need to take more responsibility in our actions and some of those responsibilities are in fact to govern, give structure, and give tools and opportunity for others to learn and choose the proper “personal responsibilities” of their own. It can also be said that it is also each of our responsibilities to protect the weaker, less experienced, more naïve and elect, put in place, and give support to better means and more attention to the rampant misuse of the pinky market.

Also it includes the “personal responsibilities” of the ones in authority like the SEC, FINRA, and other regulatory entities to do their job that we as a society give them to do. And it includes all of our “personal responsibilities” to give them the power or means to do it.

A “personal responsibility” may include one speaking up against the abuse, and help make aware and expose that very abuse. It definitely is not a good “personal responsibility” to be a pumper clown and support the abuse and the scams of this degraded pinky market.

Just a couple of articles that I posted on Scions board that may be of interest on money to SEC and FINRA. Of course the subject discussed in the articles is always up for its own debate.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64822387

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