Replies to post #20171 on DD Support Board and Research Team

[janice shell]

Playing pennies like the slots isn't what the stock market is supposed to be about.

The penny market is mostly about pumps and dumps. Pumps and dumps are illegal.

[Renee]

While the gullible and inexperienced collectively lose vast amounts of money on false and misleading pump information designed singularly to sell shares. That is not just illegal it is infinitesimally amoral.

The DTCC and DTC are proactively interrupting scam companies and equally scammy promoters from selling unregistered or improperly / illegally exempted from registration shares. Bravo to the DTCC and DTC!!!

Regretably the SEC is reactive and any corrective actions occur after the serially diluting companies and promoters have scooted with their money, and after stock buyers have lost their money.
That is horribly wrong in every context.

The SEC needs to force all lawyers to vet all company information before exempting any shares from registration.

The SEC needs to strictly regulate promoters and have swift actions against offenders.

Brokerages need to submit Suspicious Activity Reports (SARs) on stocks that have unusually high volumes and runs on a stock's PPS.

And other vice-grip laws / regs to protect the inexpeienced, the gullible, the masses.