Bud Burrell reams the SEC
Burrell pulling no punches..... (snippets below)
<<< ..... look at the sloppiness and rigged lack of professional research used to study the impact of shorting on stocks by the SEC Economics Staff, a disgrace that didn’t even maintain a control group, a failing that would flunk a first year MBA. The SEC put out a report that gave a predetermined result, already knowing an objective study would not support what the industry wanted. The SEC would repeat this conduct to their everlasting shame with their “Study” of the Tick Test rule. >>>
Then this, to finish up the knockout:
<<< The SEC’s bolt is shot, shot and re-shot. They cannot be trusted, not about anything. It is time to break up this ill-conceived, quasi-autistic love child of Joe Kennedy Sr. and his fellow thieves and put it down the same toilet it came from. It is not just that they are no longer trusted, rather they are feared by the very same people they were created to protect, the individual investor. Nearly 20 years of systematically conflicted behavior favoring major vested financial interests first has made this organization an irreparable institutional Humpty Dumpty of the child’s story, but not a child’s story by any stretch of the imagination.
I hope that if and when the constituent parts of the SEC are split up in a kind of diaspora, that the incoming missiles launched into other organizations are neutered at entry. There is no logic in spreading their poison. If that is to be the case, better it should be liquidated and the staff fired wholesale. They have certainly cost millions of jobs in this country, and it couldn’t hurt for them to learn they weren’t to the manor born, nor was their silver spoon to be shoved in the wrong place.
The SEC has become a cancer on the soul of America. It needs the appropriate institutional chemo and radiation doses to insure it doesn’t become metastatic. No securities lawyer should ever again dare to look down on a examiner or researcher. Like Pogo in the classic cartoon of the 1950’s, they have seen the enemy and it is them. >>>
The full heavyweight fight here: tiny.cc
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