Replies to post #59809 on MediaG3 (MDGC)

[cyberbullymouse]

Give it time. I believe you will see regulatory action or a chill, long before Val delivers anything other than continued disappointment.

[jbsliverer]

The reason I posted this Roundtable opening remark from Chairman Shapiro is that it contains some really good information. It also highlights the fact they know how tough of a spot the DTCC is in. Now we all know this last year has been brutal for these OTC stocks and it seems like to some the DTCC is out clubbing baby seals here. But I got to tell you, this Roundtable has a treasure trove of information beyond anything any message board poster could ever hope to deliver.

With that said, I always find it interesting that a few weeks after a chill or lock has been placed on a security how angry shareholders start throwing around the idea they are going to contact the SEC about this. Hellllllooooo…. They are not only aware of it but are encouraging it because they just do not have the manpower to keep up with the volume of issues in the OTC alone. That is what this opening statement conveys clearly and it also makes it clear how those tasked with clearing and settlement have an important role in protecting that marketplace.

Some other interesting remarks made, on average it takes the SEC Division of Enforcement 18 months from start of an investigation to bringing a case against an individual. The comment went on further to state that by that time the individual had already moved on to another security by that point and was starting all over again. Many “loyalist” scream if they are doing something illegal then the SEC would have already done something about it.. Well here I am showing you that it does not work that fast and in fact that is why the DTCC is taking such a proactive role in all of this.

The Real DTCC Discussion

"Isn't it suprising the SEC hasn't taken action despite the negative rhetoric."

Not that surprising at all.