To say that regulatory democracy is out of control and doing more damage than good … well, that may be an understatement.
In this editorial I will examine a very disturbing recent situation in which the US Securities and Exchange Commission (SEC) has once again arrested, found guilty and executed a publicly traded opportunity – all without laying a single charge or any court appearances. And I ask you to think a bit about how this might feel. Personally speaking, I am all too aware of what this “process” is like and the destructive damage it causes … financially, maritally and socially.
I would like to discuss the SEC and its decision to impose a trading halt (essentially a death sentence) on Liberty Silver Corp. (TSX: LSL, OTCBB: LBSV). This from the LibertySilverCorp.com website sums up what just took place:
Liberty Silver was named in an Order of Suspension of Trading (the “Order”) dated October 5, 2012 from the US Securities and Exchange Commission (the “SEC”). Pursuant to the Order, trading in the Company’s securities is suspended from October 5, 2012 through October 18, 2012. According to the Order, the SEC states that, “It appears to the SEC that there is a lack of current and accurate information concerning the securities of Liberty Silver …………………………………………..