Replies to post #39376 on Bakken Energy Corp. (BKEN)

[DragonBear]

The mission of the U.S. Securities and Exchange Commission

That's all fine and dandy, but Congress never empowered the SEC to take out all of these non-registered stock frauds based on lies and deception, or fraud.

Did they ever suspend BKEN when they never accounted for the Nations acquisition in their last OTC Annual? Nope. The SEC doesn't review OTC filings, and especially those of unregistered stocks. Did they nab BKEN on lies about JVs involving their non-existent Nations? Nope. There's no such thing as a 8K filing for an unregistered stock. There's no required accountability for unregistered stocks to the SEC.

Outside of criminal activities such as money laundering, the only leverage the SEC has is to wait for FINRA to notify them that a Rule 144 violation has occurred with a stock dump.

There's a reason why BKEN, the one you are following, and the one I'm following are unregistered stocks. They can scam away, and as unregistered stocks, the SEC can't touch em. Sick, but true.