SEC

What is the SEC? How do stock exchanges and the SEC figure into the
pricing of a stock?

Re: SEC

wrote in
news::

> What is the SEC?

It is 1/60th of the MIN.

Re: SEC

wrote:
> What is the SEC? How do stock exchanges and the SEC figure into the
> pricing of a stock?

Re: SEC

Following instantly upon an earlier stutter of four copies of the
same empty question about "stocks",

> Do stocks have to be listed on an exchange? What happens if
> they are not listed on an exchange?

Preserving the totally ignorant from definitional arguments about
"what constitutes an exchange?" the answer remains "no" and what
happens is that such dealer rigged trading as exists at all in
such stocks is carried on in what have been referred to for more
than the past five decades as "the pink sheets", a reference to the
color of 8.5x14 sized paper on which the "quotations" of those
purporting to be willing to buy or sell such marketless shares,
subject to pricing revision at whim, was typically printed. The
panks (revision of spelling to reflect the fact that virtually all
such issues are the subject of Hanky Panky) are even further under
the counter than the "Bulletin Board" where a host of other "stocks",
denied listing on anything which even pretends to be an exchange,
are also "sort of" traded, also subject to whimsy as to pricing.
The Bull Bored (reflecting the gambling propensities of the fools
eager to churn their money on mere ticker symbols devoid of any
business characteristic justifying bullish or bearish analysis) is
the second tier of places where "trading" goes on in things which
are not in any sense listed on anything which even *pretends* to
be an exchange. Above that, the argie as to "what constitutes an
exchange" resurfaces and, to have asked such a question in the
first place, you have already indicated you haven't the foggiest
about any of the questions involved and therefore wouldn't be
capable of understanding an answer even if I gave one.

Then followed up with but a single non
stuttered copy of:

> What is the SEC? How do stock exchanges and the SEC figure
> into the pricing of a stock?

There are two versions of the SEC and you had better learn *real*
fast what both versions are and to be able to distinguish one
from the other. The useful version of the SEC is a bunch of file
clerks who make sure that companies authorized for public trading
in the United States do in fact *file* required financial reports
which those clerks then turn around and make available to us mere
mortals via their web site which I continuously refer to in all of
my postings, near the top of my sig lines, because I have found it
absolutely essential in evaluating stocks as to what *pricing* I
personally would be willing to do of any shares of such stocks.
The second version of the SEC is the "regulatory" and (ROTFC)
"enforcement" division which does absolutely none of the lawful
functions that it was created in the 1930s to carry out but instead
acts as a mere "mouthpiece" for the worst criminal scams of the
absolute worst frauds and deceivers and criminal manipulators of
stocks in the country. That version of the SEC are the ones who do
such things as authorizing the destruction of fair and orderly,
publicly accessible, continuous auction markets on behalf of frauds
and thieves who run "market fragments" separate from the real
market(s) where stocks are traded for the purpose of ripping off
public participants in stocks. That version of the SEC are the
ones who do such things as authorizing changing the rules during a
national crisis after 9/11/01 so that the criminal thieves of
stockholders equity via "stock buybacks" at ludicrous multiples of
net tangible equity could maximize the amounts of criminal theft
which they could accomplish via looting and gutting of treasuries
of publicly owned corporations. That version of the SEC are the
ones who profess in writing that the criminal theft of cash due to
holders of corporate stocks may at whim be stolen by criminal
insiders and transfer agents of publicly owned corporations and
have them consider it a mere "difference of opinion" for such thefts
to have occurred. That version of the SEC is populated by scammers
with their eyes always and forever on the "revolving door" between
"government service" and regulated "private industry" where many
of them continue in cushy jobs after leaving their former positions
destroying the public interest and the values owned by stockholders
with negligent and malfeasant lacks of regulation and enforcement.
Officially, stock exchanges only provide a *place* for buyers
and sellers to meet in a "more or less" orderly manner to buy and
sell shares of stock. Those that genuinely perform that function
and maintain order in a credible manner are the only things that
I am willing to refer to as exchange(s). Those that allow *dealers*
in securities to trade *around* public orders at whim and to the
detriment of the markets (but for their own profit of course via
those frauds against the public), which facilitate by their imposed
disorder and dealer preferences the criminal manipulation of stock
prices, I refuse to acknowledge as exchanges. The second version
of the SEC figures even into this last process of fraudulent pricing
via their refusal to carry out their legally required regulatory
and enforcement functions.
Boob :-)##


Have you covered your nut yet this year? If not, may I suggest
researching
instead of listening to hypists in misc.invest.stocks? If you wish
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