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Non-Tech : Market Makers - What They Do and How They Do It
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To: Fredman who wrote (33)1/18/1999 9:28:00 AM
From: Hawkmoon  Read Replies (2) of 429
 
Fred,

The only downside with your recommendation is that for a company to file a 10K, it must usually come up with some $70K for an audit by an accredited accounting firm.

Combine that with the miscellaneous legal expenditures involved in making compliance accurate and legitimate, and you begin to see some $150-200,000 in administrative expenditures annually.

There just has to be a way to bring compliance expenditures down to a realistic level in order to assist investors to have a legally binding SEC filing that details the company's current status and preventing unscrupulous management teams from taking advantage of the limited liabilities and accountability loopholes that exist in non-reporting entities.

Regards,

Ron
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