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petermic

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petermic

Re: Daenerys post# 295

Friday, 12/06/2013 3:48:46 PM

Friday, December 06, 2013 3:48:46 PM

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It's not a new observation that the SEC's requirement to disclose the parties behind the promotions is ineffective as practiced. The idea of the requirement was that investors could know, but promoters simply funneled funds through anonymous dummy corporations.

This rule was never tightened to prevent this go-around. Sadly.
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