I do like the rule. it will help clean up the OTC
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Quote:
I do like the rule. it will help clean up the OTC to some extent.
I agree. I think it will result in a lot fewer scam and shell companies, as they will all be forced to report their financials to the SEC.
As I understand it, when they don't report anything they aren't as liable, but when they do the SEC can hold them accountable for the accuracy of their financial reports.