The companies I was referring to were on NASDAQ. I hear you about OTC, but the issue is broader than the OTC and clearly some participants in the market get a lot of value over not just manipulating valuations, but taunting retail to try to force them to release their shares, like a dog owner gripping a dogs mouth until it releases whatever it has in its mouth… but in this case, the hedge fund then quietly takes the asset. And the forces trying to get the dog to give up his bone are all anonymous.
But that anonymity has less to do with the SEC and more to do with the First Amendment and privacy. Getting rid of the First Amendment and privacy rights would be a horrible outcome, especially if it was just to benefit people who invest. Patience and diligence.
There may be other legal ways to deal with these irritations, but it probably involves private lawsuits by shareholders and companies after they have achieved self-sufficient sustainability and success.