January 26, 2012
I am of the opinion at this point the staff is providing window dressing based on political pressure
You raise the accredited investor threshold and then say we are going to make it easier to market to an audience we willfully shrunk
You have told Penson not to accept orders on stocks under $1: you discriminate based on price
You believe that capitalism is a continuing criminal enterprise and that if you made money on Wall Street you had to have victimized someone under your zero sum theory
You and FINRA and DTC conspire to choke off access to capital to small companies without due process (Issuers are frozen out of DTC without due process and phone calls aren't answered)How nice and convenient that DTC, an SRO, does the dirty work) Masterful Stroke Indeed.
Well, thats why there are no IPO's in the US anymore
NET RESULT OF THROWING BABY OUT WITH BATHWATER:
You export a massive business offshore
You choke to death small business through cost to and the cost of remaining a public company
The pendulum has gone far, way too far
I would expect no less from career bureaucrats..