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Re: SRV-90 post# 31861

Sunday, 09/23/2012 2:00:39 PM

Sunday, September 23, 2012 2:00:39 PM

Post# of 222059
fully agree


The SEC can't simply stop trading when it wants to because they "feel" it's a pump and dump in the making. Imagine if they did that to every stock on the OTC. It would create a logistical nightmare as they need the evidence to prove it. That takes time.

That is the reason it takes as long as it does. They need to get the information without alerting the company, insiders and the investing public. Any alert would cause panic selling and more damage than a suspension.

I completely agree that it's very obvious when a P&D is occurring and would be great to stop it when it's about to start or just starting.

It's just the nature of the political red tape the SEC needs to go through to get their job done. That red tape is there for a reason and can't be ignored.

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