and it's about time the sec commissioners are truly independent and not tied to any political party ~ the irony is for those who watched the *commentary* on the rule 201 (alternative uptick) done a few months back ~ it was split right down party lines
sort of ~
with ms. schapiro giving the final vote ~ that i still feel was *grudgingly* given .. :)
of course after commentary for a year and another 8 months till implemented ~ some could say change takes time .. and not much else has *changed*
having spent the days b4 that *vote* .. calling and interacting with their staff .. i kept asking a few questions of all 5 ~ and not surprisingly
NOT ONE COULD ANSWER .. or had the guts to answer
my focus is always on the otc/otc bb .. particularly since IPO funding has essentially dried up in the last decade
i asked how is it one MM can have a MONOPOLY on the OTC since 2007 .. without any radars pinging
how is it the sheer no. of stocks that that MM is the PRIMARY MM on can consistently have an unhealthy pps without any radars going off *anywhere*
why is any legit co. .. whose pps falls below X .. pick your pps poison .. .10 cents .. or .05 cent or .01 cent ALLOWED TO BE SHORTED? .. how does any co. survive the attn of short volume .. that can avg over 60% on any given day?
but my last question to the commissioners' staff ~ was to me the most important .. how can any legit co. that comes public with plans to expand and grow .. be immediately preyed upon by those who SHORT & DISTORT daily .. and be expected to survive?
for any length of time?
the silence was deafening ~
when one interacts with those who brought *hugely* successful ipo's public .. just over a decade ago .. and the commentary is ~ those same co.s couldn't come public today ~ due to sarbox
one knows there is a problem .. sarbox just the latest loophole exploited ... by those who never miss one trick
this is a critical time for financial reform ~
small businesses have been the lifeblood of this country but if a legit business becomes an immediate victim upon going public .. and the data shows it .. why hasn't there been change ~ 8 years has cost this country more than i suspect most will ever realize or fully understand ~
News 
Market Data 
Discover 
AI
