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Hesmybrother

11/05/22 6:47 PM

#263531 RE: enthalpy #263528

Just a shiny object for distraction

Id be willing to bet the Plaintiff has been paid off to pursue the matter ....which will come close to nothing

All you have to do is watch Gary Gensler

When it seems the walls are closing in on the Hedge Funds....he just writes a new rule to protect them....over and over and over
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otterman

11/05/22 6:51 PM

#263532 RE: enthalpy #263528

Well ya know sometimes the only thing worse than rules that may not be perfect is no rules at all.

Imagine all the whining when 99% of all public companies are scams.

I mean take our little situation. If there was no precident for non filers exactly how would anyone make a determination of what each company deserves as a penalty?
Now imagine the ability to file an appeal.
Now multiply that by the 100,000+ cases that go by each year and then add into that all the cases that currently would never even be reviewed!

Now multiply that by all the other types of transgressions by companies.

The system would implode in short order.