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Harry Winston

02/01/19 1:13 PM

#47833 RE: Dutch1 #47829

You can file even multiple complaints at once and or ask your neighbors to do so.


No and no.

The complaint I filed last spring was about a large group of missing reports. If I file another complaint, today for instance, it would only cover three more missing 10-Qs and an unknown number of 8-Ks.

I don't think my neighbors would be eligible to file a complaint unless they're GERS stockholders.


You can file the same complaint everyday.


I shouldn't have to explain why that's not possible.


And yet still the SEC does, what they think is suiting.


What a coincidence! I do the same thing!


If it was as easy for them just to penalize those who break the rules, they could automate the system....but guess why they don't do that?


The system is automated. Seconds after I filed my online complaint, I saw a confirmation in my e-mail. Every complaint triggers a process that is done "by the book" because many U.S. Government agencies are required by Federal laws and court decisions to be fair to all parties in any dispute.

An obvious example of this is the ethics rules that are imposed on members of the U.S. House, the U.S. Senate, and on every Federal judge. Executive Branch agencies also have rules they have to follow. Every Cabinet agency has an Inspector General who does an appropriate amount of oversight.

Every Inspector General has people who are authorized to make arrests if they see criminal behavior in the agencies that they're watching. This produces an extraordinary amount of procedural routine, which can look like automation if you're not familiar with the rules and the many methods that are used to enforce the rules. Some people summarize this by saying that the U.S. Government has "a system of checks and balances". It's a good description.

Dutch, you said once that you live in Holland. How well do you understand this process?