SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!
NAMX 0.00010000.0%Nov 28 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: cAPSLOCK who wrote (4016)6/25/1998 9:59:00 AM
From: Hunter Vann   of 4736
 
Here's some interesting information from the President of the Nasdaq stock market. An interview in the money section of USA.

Q: You've introduced rules to curb fraud and ensure that the smallest companies report financial information on a regular basis. If a company doesn't comply, it can be kicked out. How will this affect investors?

We're trying to have companies that trade on the bulletin board file with the Securities and Exchange Commission. We think that if companies can't bring themselves to tell investors what's going on, they better find some other place to trade.

Q: Much of this was prompted by the 1996 Comparator scandal in which stock of a company that had almost no assets and lied to meet listing requirements climbed 3,000% in three days and broke Nasdaq volume records. What did that teach you?

It hurts the whole business, not just the Nasdaq. People shouldn't have to worry. We should have laws that make it so painful for people to develop fraudulent securities, sell things on fraudulent expectations that it's not worth it. The big companies don't do it because they have too much to lose. Little teeny companies and investment banks may have the incentive to fool people. And I'd like to put nails deep in their bodies.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News