Replies to post #116392 on MMEX Resources Corp (MMEX)

[jmjjw]

The SEC is not responsible for validating the content of MMEX-scam’s filings, nor do they audit the consolidated financials contained within the filing.

By definition, and by function, the SEC could not be, and is not, “in” on any malfeasance conducted by MMEX-scam.

The SEC validates the form of the filing, the timeliness of a filing, and that is all. Errors, omissions, inaccuracies, misrepresentations, false claims, etc., are all on the filer, MMEX-scam.

Unfortunately for the MMEX STRONG, there are many who understand the SEC’s role, how to read a filing, analyze a balance sheet, and conduct time-series analysis of multiple SEC filings. This tends to disrupt the fraudulent behavior of pumpers, promotors, share pushers, and similar miscreants.

OTCM, as a pay-to-play casino for sketchy securities, simply collects its fees (in cases like MMEX-scam, over and over...) and makes sure the application complies with OTCM guidelines. These guidelines offer little protection for unsophisticated, unwary, and incompetent OTC "investors." This is one of the reason so many scams like MMEX-scam run on the OTCM, compared to real exchanges.

The SEC's in on it? wow, I'll bet their OTCQB tier application gets rubber stamped by OTC Markets and approved without verifying requirements & without collecting the $12,000 needed just to submit said upgrade application. wow