From: Matt Horvath |
SEC folks, Pink Sheets has proposed that the SEC adopt a new rule that provides for full disclosure of the identity, compensation and relationships of all participants (i.e., issuers, sponsors, third party promoters, etc.) directly or indirectly engaged in the promotion of stocks in the over-the-counter (OTC) market and that targets the explosion of misleading spam email and fax promotions on OTC stocks and provides for increased transparency and effective disclosure to protect investors from "pump and dump" promotion schemes. The full rule change request is available for you to read at: http://sec.gov/rules/petitions/petn4-519.pdf I support this proposal. Greater regulation of the pink sheets is necessary to reduce fraudulent (in my mind) activities by stock promoters. Matt Horvath |