SEC

“I suspect that's how Congress will behave. I do fear that the administration will take a more heavy-handed path, mainly because the SEC chair is Pretty hostile at times in its public comments on crypto.”

“The SEC allowed them to go out to 20 years that they could collapse into today revenue.”

“And as a result of that, the SEC in 2002, middle of 2002 revokes Anderson's CPA license. So literally bars them from. Oh, I didn't realize that. Okay. They had already started to lose tons of clients because, shocker, Anderson was also the auditor of WorldCom,…”

“Price Club goes public in 1979, three years after founding. And I say go public, not in an IPO, not in a direct listing. They don't list anywhere. They don't raise any money because they don't need any capital. So what happens is There's so much buying and sel…”

“Well, back then, once a company crossed 500 shareholders, the SEC actually mandated by law that you had to start reporting quarterly like a public company.”