What will it take for the SEC to finally step up?
the SEC already has stepped up by revoking the scam fka FFGO.
There has been article after article detailing the abuse in the market and they still do nothing.
that simply isn't true, the SEC is cracking down on more penny stock scams now than they ever have. unfortunately they will never have the manpower nor time to go after all of them. just two weeks ago the SEC charged one of the biggest pump and dump penny stock scams from the past couple of years. what did that scam and FFGO have in common? a lot of the very same people claimed NSS in both, of course they vanish once the truth has been exposed.
When will they act on the behalf of the common shareholder?
by revoking scams like FFGO the SEC is acting on behalf of the common shareholder by preventing any new or further victimization. unfortunately for those already invested in complete scams, there is nothing the SEC can do.
"There exists in society a very special class of persons that I have always referred to as the Believers. These are folks who have chosen to accept a certain religion, philosophy, theory, idea or notion and cling to that belief regardless of any evidence that might, for anyone else, bring it into doubt. They are the ones who encourage and support the fanatics and the frauds of any given age. No amount of evidence, no matter how strong, will bring them any enlightenment. They are the sheep who beg to be fleeced and butchered, and who will battle fiercely to preserve their right to be victimized"
James Randi
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