SEC Edgar suspension unacceptable Document Destruction smoke screen #SEC #edgar #irchat #corpgov

United States Securities and Exchange Commission

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So we have an earthquake on the eastern seaboard. Totally not used to this. At least not like in California. So the Securities Exchange Commission [SEC] freaks and shuts down Edgar. Another example of how SEC fails to serve. Strong democracies need strong capital markets. Excellent capital markets thrive on timely and accurate information.

Edgar was not up to the challenge. Could be good cover for the document destruction scandals.

Watch for another budget fight as SEC asks for money to become earthquake proof. Waiting for someone to sue SEC for inadequate something or other.

Disclosure: George Gutowski writes from a caveat emptor perspective. I am not earthquake-proof but I do value a reliable regulatory environment.