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  • jforuus jforuus • Jul 27, 2012 11:11 AM Flag

    SEC allows investors to be molested

    If they were actually about protecting the investor they would ban Chapter 11 which is a get out of jail card for debt ridden companies!

    You ALL should be writing to them.

    rule-comments@sec.gov


    Ask them how many companies have filed for Chapter 11 in the past 3 years.

    foiapa@sec.gov


    Ask these men what they are doing to stop such un-ethical practices which they have allowed them to remain legal.

    oig@sec.gov


    http://www.sec.gov/about/concise.shtml


    Why doesn't FORBES, SEEKING ALPHA and all the other media outlets speak regarding the stick up of individual investors when Chapter 11 is sought by such companies.

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    • tomandlynntigard tomandlynntigard • Jul 27, 2012 12:25 PM Flag

      GE went bk, called themselves the new GE, got bail out and set up 70% of mnfg in China with the money. WAMU on West Coast taken-over by JPM in one afternoon for pennies on the dollar, admin. turns a blind eye. AIG, C, reverse splits investors to poverty. You're right SEC allows your investment money to be taken by those with the best lobbiests in DC.regardless who's prez.

      • 1 Reply to tomandlynntigard
      • jforuus jforuus • Jul 30, 2012 11:06 AM Flag

        The media like Seeking Alpha, Motley Fool and Daily Ticker along with countless others they just don't actually want to face the TRUTH.

        The racket they report on is a racket with pitfalls that they mask and explain away with words like, "correction", "built in" when it is nothing more then thievery going on.

        Look at NETFLIX the spin they had on it when it was going up and no one talke about it.

        Look at McDonalds and Merck they were both left for dead 18mos. ago and now?

        The financial medias have no backbone to actually reporting facts instead they are bought off, yes BOUGH OFF and if they aren't they should be asking for CASH for the PUMP/FEAR THEY PROVIDE.

        How about being a tool to clean up this racket with CEO such as the likes of Ryan Braun and Jon Corozine. Let us go further and ask the Finanical medias to be an arm to help the SEC do their job.

        The SEC needs to gain confidence by actually instilling regulations that benefit all and not just Institituions but the retail investor.

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