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Renee

10/13/10 11:09 PM

#13 RE: SouthSea #12

To my knowledge no Security whose registration was revoked has ever re-listed . Notwithstanding , serial offenders have been known to start up a new company or acquire a shell Security to begin fleecing new sheep , and Mutton are plentiful .

In a perfect world the SEC should have the powers to prevent ANY person directly involved with a revoked Security from ever occupying any office of a new or different Security ....but it happens too often where the serial offenders just re-create their scam under a different roof ( figuratively ) with a shiny new product / service / whatever .