March 20, 2008
This rule will be like everyone that has come before with no teeth and no action. This one will be the same way. Exxon got burned for big money in the valdese accident do you know why its because it was in plain public sight. I cant wait until some more banks crash like bear stearns has. If these people had transparency (WHICH IS WHAT WE NEED) things would be different. The SEC has failed the public as investor protection. As banks collapse even some big wealthy people are starting to get burned. Soon the weight of all the problems will start getting worse. You can choose to ride the fence and do nothing but this will come back to haunt the SEC. These companies that are on REG SHO list and have millions of failed trades. Why are you not looking into and insisting they be closed out. It is beyond me as to why this has not happened. I guess who ever is failing the trades has to much political clout to do anything too. I am to the point I dont care if the banking system crashes. Just fix the trading systems so everything is fair and investing will become real investing and not a crap shoot. The SEC needs to wake up you will be held accountable for whats being done when the sysem finally collapses under its own weight. The SEC thinks that there will be no day of reckoning but as time goes forward you will wake up and say we are doing something but when this happens it will be to late.