Replies to post #190983 on DD Support Board and Research Team

[janice shell]

I think the lenders are very concerned. That proposal would hurt them badly.

But is the SEC naive enough to imagine issuers don't LIKE the lenders, and aren't desperate enough to be happy to get financing however they can? If the proposed amendments to Rule 144 are adopted without changes, the lenders aren't the only ones who'll be forced out of business.

I personally wouldn't mind seeing all those junk companies close their doors, but there might be howls of protest from all sorts of individuals and entities.

And in the meanwhile, the SEC is dealing with lenders one at a time by suing them for acting as unlicensed dealers.