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Micro Penny Stocks, Penny Stocks $0.10 & Under
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SEC Files Emergency Action to Stop Ongoing Microcap Stock Fraud
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[QUOTE]Originally posted by BuyTex: [QB] [QUOTE]Originally posted by IWISHIHAD: [qb] How many times in the last 5 years did the SEC. suspend trading on a penny stock? How many times has someone went to jail or prison for it? I still think we are dreaming if we think they are going to do much cracking down. Like what was already said if they dig very deep to stop this, they are going to have to go way beyond the stock market. [/qb][/QUOTE]Here's the deal...SEC basically a 19th-century mind-set that recalibrated--at virtual gunpoint--following the Crash of 29. Still the major laws trace to '34, I believe. Point? Online trading has so overwhelmed them that they don't even pretend to force companies and broker/dealers to play by the rules. Hell, half my geek plays get shut down, lol, because they suspend 'em before the steak hits the griddle. Look at KGOC just yesterday or so... and another one partly based on a pr guy (if I remember correctly) contacting people on message boards! (PAIM folk need to know about that one...) add GVRP, BCIT, GLCKE, etc etc... SEC so overwhelmed __all__ they can do is stomp PInkie-roaches and sweep carcasses under rugs. LOL, Pinkie-rug getting lumpy... Why? They got serious, serious money--mob, etc--deeply insinuated in the system, siphoning siphoning siphoning capital outta the country's economic channels. Hence, some of the cases we're seeing lately... it *is* being ramped up... But, where you I disagree, they need way more manpower. To me, this is a crisis that must be addressed. [/QB][/QUOTE]
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