InvestorsHub Logo
Followers 86
Posts 11837
Boards Moderated 0
Alias Born 08/18/2005

Re: luxytx post# 31120

Friday, 10/07/2005 9:18:24 AM

Friday, October 07, 2005 9:18:24 AM

Post# of 159752
Luxytx, that's a good point about the SEC regulation, however, that regulation existed before the SEC made that announcement and the brokers, MM's et al should have been obeying the rule prior to the SEC's suspension announcment. If it's that easy (going to the SEC website) to find out if a company is up-to-date with their financial filings/Prospectus then the Brokers/MM's have no excuse for trading this stock before the suspension except that they were making a ton of money, illegally. The brokers and MM's had no problem trading and shorting the heck out of this stock before the chit hit the fan, but back then this company was no more up to date on it's filings then it is now, so why aren't the brokers and MM's slapped on the wrist for all the trading they performed prior to the suspension?

TP


Pennystocks, we're in the looney bin for sure.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.