September 13, 2010
SEC should be more responsive to the needs of investors. They should investigate investors complaints as rapidly as possible to spot fraud in an earlier stage before the investors have been totally decimated by fraud and deceit.
SEC should be aware of fees charged by receivers appointed by the court to prevent the fees and expenses from draining all remaining assets so that investors are left with nothing.
SEC should allow involved investors to know the findings and status of investigations and keep investors informed when illegal activities have been discovered.