Commissioner Peirce Disagrees With Penny Stock Bar Decision

Coin Edition
Coin Edition

29 Jun 2023 11:26 AM

In a tweet posted on Tuesday, Hester Peirce expressed her opposition to the penny stock bar decision. Read more on CE....

  • Hester Peirce, a commissioner on the SEC, criticized the U.S. government's imposition of penny stock bars in a tweet and written statement.
  • Peirce argued that administrative proceedings should be remedial rather than punitive, and the purpose of bars is to protect the public from potential harm.
  • She questioned the necessity of permanent penny stock bars for the four respondents in this case, suggesting narrower bars could have been more appropriate.
  • Peirce criticized the lack of a reasoned basis and explanation for the broad penny stock bars imposed.

The sentiment expressed in the article is negative towards the U.S. government's imposition of broad penny stock bars. Hester Peirce criticizes the decision and questions its necessity, suggesting alternative measures.

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You May Ask

Who is Hester Peirce and what is her role?What are penny stock bars and why were they imposed by the U.S. government?What is the purpose of administrative proceedings and why does Peirce argue against punitive measures?What alternative does Peirce suggest for the respondents facing penny stock bars?What are Peirce's main criticisms of the broad penny stock bars imposed in this case?

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