The SEC does nothing no such thing s caveat emptor. fraud is fraud. accessory to fraud. SEC is facilitating fraud.The SEC does not have the resources to do due diligence on every listed company. Penny stocks are the Wild West....Caveat Emptor.
The SEC does nothing no such thing s caveat emptor. fraud is fraud. accessory to fraud. SEC is facilitating fraud.The SEC does not have the resources to do due diligence on every listed company. Penny stocks are the Wild West....Caveat Emptor.
You are not going to want to hear this, but you bought a stock under $0.50/share that was delisted many years ago. What did you expect? Any stock that is delisted should be red flag to any of you.
Take some responsibility, you bought a piece of shit offshore porn company trading on either bulletin board or the pinks. The SEC is not responsible for your lousy decisions.
I traded a lot of OTC penny stocks back in the day, there high risk high reward, this 1 failed, hope you didn't bet the farm on it, if so consider it a lesson learned.
I put most of my money in 1 that was flying stupidly high, stayed out for 2 days, finally got greedy jumped in, less than 2mins I was up 20% YES, 100% easy, hang on not moved in a while, delisted lost about $2000 ( a lot for me ) in less than 2mins literally.
Diversify!! or DIE!!
it wasn't a trade it was a 'diversification' in my portfolio.
diversification means not to put or invest your portfolio in any one 'sector' or asset class.
50% bonds
10% cash
20% real estate land
20% stocks
stocks: 10% dividend paying stocks, 5% blue chips, 5% high speculation
that 5% is your alpha. high risk, high reward investments., similiar to startups. $20,000 investment can 'possibly' yield 2 million in return.or that 100:1 ratio similiar to casino odds.

I knew that the 'market' or exchange had lots of money laundering, embezzlement of pension funds or investment funds into fraudulent companies or stocks okay since I was 19 years of age. okay
the extent and widespread of the fraud is what is disturbing. entire market is fraud. you know what I'm saying. enron was the billion dollar version of the 99,99% OTC BB scam and the SEC and regulators knows about, they are in the game or paid to shut up if you know what I'm saying like in Russia. the wall street mafia or rackets owns the market you know what i'm saying.
since the gov't in Russia are corrupt like in US they just say case closed or ignore it. cover any money embezzlement up.