Commissioner Peirce Disagrees With Penny Stock Bar Decision
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.