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Replies to post #756 on Zecco

Replies to #756 on Zecco

Frank0051

12/23/11 11:19 AM

#757 RE: Yosako #756

ROFL, it isn't going to trigger a lawsuit frenzy, no one is going to sue the SEC, FINRA, or DTCC. The companies being blocked are ones that are unregistered, and these entities are pushing for tighter restrictions on unregistered securities - which is within their rights, particularly the SEC. Now, if you start lumping in the fully registered, fully reporting, DTC-eligible companies in to these restrictions, that might go beyond the scope of their authority.