News Focus
News Focus
Followers 2581
Posts 328911
Boards Moderated 23
Alias Born 04/12/2001

Re: Renee post# 16939

Thursday, 10/20/2011 10:23:27 PM

Thursday, October 20, 2011 10:23:27 PM

Post# of 233951
Yes. Obviously they're concerned about that.

Which is why they MUST make TAs file opinion letters on Edgar. That would probably solve the immediate problem. I don't think many lawyers would willingly write fraudulent letters knowing they'd be publicly available. Even the issuers might hesitate to request them.

But as they all said, you close one loophole, and they'll try to find another.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today