April 24, 2012
Economic growth for a small business trading in the Pink Sheets starts with capital. The SEC needs to look into the trading practices of broker/dealers that trade Pink Sheet stocks and who drive prices down 200% or 300% on little or no volume and then short the stock for trading gains in their own account while the public company is unable to use their stock to raise capital or expand by acquiring similiar businesses. This practice needs to stop and although the Jobs Act addresses the fact that the SEC will look into trading quotations based on penny changes, the SEC needs to give some assistance to legitimate small businesses trading in the Pink Sheets that are taken advantage of by not only broker/dealers like Knight Securities but by every rip off con artist out there who attempts to sell their wares as public relations specialists and marketing specialists. Small business in this country has been suffering for many, many years and its time for the SEC to pay some attention to the problems of "real" small business. Not the small business with revenues of $1,000,000,000 but those businesses that are trying to make it to a revenue of $1,000,000 and finding road block after road block. My email address is attached. If there is anyone who wants to know more about the real plight of small business, contact me.