From: Alan M. Poole
What "Pink Sheets LLC." does not realize is that their proposal is severely detrimental to many of those who earn a living working on legitimate IR/PR campaigns.
Pink Sheets is pushing too hard for their own agenda while ignoring the IR industry as a whole.
People's livelihoods and jobs are at stake with these restraints being proposed by Pink Sheets while they are the only ones who will actually profit by them.
Illegal, nefarious, and non-sanctioned stock promotions will always be out circulating in the wild and is simply a symptom of our imperfect world. This will never change, unless the government has a way of lobotomizing all soon-to-be criminals before they become criminals.
Pink Sheets in their self-appointed role as the watchdog for all investors has suggested a change that impedes the efficiency and function of ALL Investor Relations and Public Relations firms that work legitimately to get the word out on their clients stocks/issues
I would think the SEC focus should be on policing and enforcement and NOT a focus for impeding or constraining the legitimate.
These are simply some thoughts on a proposal, that on the surface seems straightforward enough, but in reality and upon a closer look has far reaching implications.
Alan M Poole