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1manband

10/31/11 1:35 PM

#17573 RE: Yosako #17570

I agree there should be new rules put in place, but I think those new rules should be more for increasing disclosure and helping individuals make better decisions rather than restricting legitimate capital raising activities. Such examples would be requiring daily or weekly share counts, so the market would know when and how many shares are entering the float. And requiring all public companies to be fully reporting, so real US GAAP financial statements and regularly updated company information is available on EVERY company trading in the US market. If a company desires to avail itself of the benefits of the public capital markets, they should be required to provide the investing public with the basic and fundamental information necessary for an investor to perform enough due diligence on the company to determine if it is a worthy investment.

Wouldn't adding such rules are you suggested actually result in the kind of actions that you have been complaining about? Namely, acting as if EVERY company were a criminal, rather than what the DTC is actually doing right now, which is just restricting the actions of certain questionable actors?