SEC's role
Securities and Exchange commission (SEC) continue to advise the public in respect of stock market investments in secondary shares during abnormal behaviour of markets. Unfortunately, SEC is the sole authority to allow Public Limited Companies (PLC) to raise share capital through IPO--initial public offering after proper checking of the documents and probable return on investments. Thus investors are not required to verify the probable performances while investing through IPO as SEC is the wizard in this respect. But thousands of investors in primary shares in PLC's have lost significantly. Thus what is the role of SEC when corruption is to be regulated? Let SEC do something in prosecuting the fraudulent PLC's, while recession compensation package money entitlement to IPO holders need be considered, I believe.
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