ECNC (OTC:BB) - eConnect Message Board

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Microcap & Penny Stocks : ECNC (OTC:BB) - eConnect

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To: Mama Bear who wrote (6954)	3/14/2000 12:13:00 PM
From: Torus	Read Replies (2) of 18222

I appreciate your response. A few more questions. All publicly traded companies should be required to file audited financials with the SEC, IMO. But the fact is that it is not required. We are in agreement. Do you know why they are not required to file? Are the filing requirements really so onerous that a legitimate company could not comply? I mean, if a startup can't even hire an accountant and/or auditor they shouldn't be starting up IMO. There are controls in place. We see that in ECNC's suspension. Although I admit to being an amateur investor, it is my opinion that a "control" that stops a scam only after a worthless company has been valued at $2 billion, and hordes of people have been defrauded, is not an effective control. One can't summarily stop a stock from trading until the company has committed fraud and the pattern is provable. Of course not, I just think it should be more difficult for people to commit fraud. How? I don't know. But I think the SEC ought to know how. Filing requirements might be a good start. a trader must protect himself. That's why I'm trying to educate myself. Thanks, Torus

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