The SEC doesn't have the mandate, money, man power or scare factor to go after and prosecute scamming penny stocks, or to preempt and prevent bad penny stocks before they harm, steal blind and scam penny stock investors and for years on end as pretended normal business activities. Nor can the SEC undo and get back the lost shareholders' money and years of wasted time and effort of penny stock investors from scamming penny stocks. The motto of the SEC is the same as of the brokerage firms and consumers of the economy in general, as far as penny stocks are concerned. And that is just the weak and ineffective and largely lip service warning of 'Buyer Beware'. Leaving it to the expensive court systems and years of money and effort to go after penny stock management. Who are largely insolated by layers of business and legal protections. Instead of having the proper front guard and front line actions of the SEC if it was financed, manned and mandated to protect the investor and preempt and prevent the ruinous activities of scamming penny stocks. Penny stocks who otherwise are given a license and freedom to fleece penny stock shareholders blind for years without safeguards and help from the SEC to stop it.
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