IMO, the SEC does not protect shareholders of small companies. What they do is protect/prohibit FUTURE POTENTIAL shareholders from buying/acquiring your stock from you.
The SEC IMO, does not fight for the current or past shareholder. Even if the SEC uncovered wrongdoings at a company, their promoters, whatever... they DO NOT IMO, do anything for defrauded shareholders. They ONLY stop trading and assess fines, fines which IMO, the gov't keeps. They do not reimburse shareholders for losses with the fines collected.
The SEC is not your friend. Cooperate with an SEC inquiry as a naive, honest shareholder and they'll bite your nose off as their way of saying "thank you."
Look at the trail from "Z", the employee at DCTC's transfer agent, "Z"'s transfer agent, "Z"'s new business partner, and the contact persons within the SEC. A nice cozy bunch is what some people might observe, IMO.
Will the SEC ever disclose THEIR little tete a' tete? Hardly, they have their own club members, and IMO, they never consider the peon shareholder their friend. We are not in the club. |
