Atlas Technologies Group (ATYG)

[Top Penny]

ATYG ~ Look at all the pinks the SEC shut down trading on in 2012, 2013. They can't get them all, but they have been and are stepping up their game. They don't only go after the big fish, they are starting to become more proactive. I'm not saying they get them all. I don't agree they turn a blind eye to it like you're implying. Good article below showing they are stepping up their game and becoming more proactive.

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Flash: SEC Attacks Nearly 400 Pink Sheet Shells
14 May 2012 | SEC
This morning, the SEC announced a huge suspension in trading of 379 non-reporting shell companies, the largest suspension in the SEC’s history, according to their press release. Apparently, the companies will not be permitted to be quoted again until they provide current information, including financial information. As a practical matter, for most of these pink sheet shells which do no SEC reporting, they will become nearly worthless.

The SEC says it took the action regarding these shells “before they could be hijacked by fraudsters and used to harm investors through reverse mergers or pump-and-dump schemes,” according to the release.

I will be analyzing the release, and the 73-page suspension order and will give you more information thereafter. At least on first blush there is no suspension of shell companies that are SEC reporting and current in their filings. But here is the first major shot across the bow by Chris Ehrman’s Microcap Fraud Working Group in the SEC’s Division of Enforcement. More to come.

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Link To Article: http://www.reversemergerblog.com/2012/05/14/flash-sec-attacks-nearly-400-pink-sheet-shells/

-IMHO