Is the SEC (securities and exchange commision) worthless?

Question

I mean they allow normal people to invest in nevada corporations which can be formed by anyone with a computer living in the desert with no assets, a knowledgable accountant, and a lawyer. They do not go for companies who allow unlimited investment in these companies like tdameritrade. They do not come back to you with complaints. Its claimed that they are funded privately by private banks. I just think its time for people to wake up and see all this as scams and for the government to take advantage and the rich to get richer.

Answer 1

Are you referring to the Federal SEC or the Neveda SEC?

Fraud by the directors or officers a corporation is a form of theft is and is illegal in all states. The perpetrators do not have corporate immunity.