Did Bain and Romney Breaking the Law?

H

Howey

Banned
According to the SEC, yes. And this is the problem, not whether Romney sat at a desk at Bain, not that he ran the Olympics, but that Romney and Bain filed false reports to the SEC.

These periodic reports include or incorporate by reference types of information that would help investors decide whether a company's security is a good investment. Information in these reports includes information about the company's officers and directors, the company's line of business, audited financial statements, the management discussion and analysis section (in which the company's management discusses the prior year's performance and plans for the next year), and audited financial statements. Aside from periodic reporting, the Exchange Act also mandates disclosure at certain crucial points so that investors can make an informed decision before exercising ownership rights in stock.
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The SEC's power to compel the statutory disclosure requirements is backed by the SEC's power to bring enforcement actions against companies that disseminate fraudulent or incomplete information in violation of the federal securities laws.
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grrr...."Break". Dammit. Why can't we modify titles?

The Exchange Act protects investors by making sure information is available, but also protects investors by prohibiting fraud and establishing severe penalties for those who defraud investors, as well as those who engage in some trading practices that take advantage of information most investors do not have. When federal securities laws are violated by market participants, the SEC can bring a civil enforcement action and can also bring criminal actions for some violations. The Exchange Act is also more generous than the Securities Act in providing investors with a right to bring a private suit against market participants who have defrauded them
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So. Here's the deal.

Romney and Bain either:

a. Intentionally misled investors by stating Romney was an active participant of the company at the time, compelling their investment.

or

b. Romney was, in fact, actively involved in the company at the time.

Which is it?
 
Is this really all the OWEdummy administration has? You guys are making this almost comical. You libtardiots actually think you have your Swiftboat moment. I am having a good laugh and I don't even like Romney.

Tell ya what puddin. If Romney broke the law, why doesn't OWEdummy proceed with charges? Do it. Or doesn't he have the balls? Guess he can't use a drone. Maybe when Holder gets finished hiding his Fast and Furious documents he can investigate.

ROFLMAO
 
Howey said:
According to the SEC, yes. And this is the problem, not whether Romney sat at a desk at Bain, not that he ran the Olympics, but that Romney and Bain filed false reports to the SEC.

So. Here's the deal.
Romney and Bain either:

a. Intentionally misled investors by stating Romney was an active participant of the company at the time, compelling their investment.

or

b. Romney was, in fact, actively involved in the company at the time.

Which is it?
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So... where is it that you are getting the SEC said Romney and Bain broke the law? Please also show us where Bain/Romney misled investors. The Fortune article states that the prospectus for new funding showed that Romney was NOT one of the 18 that would be managing the money.
 
Superfreak said:
So... where is it that you are getting the SEC said Romney and Bain broke the law? Please also show us where Bain/Romney misled investors. The Fortune article states that the prospectus for new funding showed that Romney was NOT one of the 18 that would be managing the money.
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They are grasping at straws and they know it. They know they can't run on OWEdummy's record, or they would. They are always the ones decrying negative campaigning but are the first to sling mud. Then when it comes back, they scream foul. The ways of the liberal are clear, unfortunately as I predicted it doesn't appear that Romney is up to the challenge. But, we will see. He wasn't my first choice.
 
Superfreak said:
So... where is it that you are getting the SEC said Romney and Bain broke the law? Please also show us where Bain/Romney misled investors. The Fortune article states that the prospectus for new funding showed that Romney was NOT one of the 18 that would be managing the money.
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I didn't make any claim. I cited the law.

As I stated:
Romney and Bain either:

a. Intentionally misled investors by stating Romney was an active participant of the company at the time, compelling their investment.

or

b. Romney was, in fact, actively involved in the company at the time.

Which is it?
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Care to answer?
 
FactsRStubborn said:
They are grasping at straws and they know it. They know they can't run on OWEdummy's record, or they would. They are always the ones decrying negative campaigning but are the first to sling mud. Then when it comes back, they scream foul. The ways of the liberal are clear, unfortunately as I predicted it doesn't appear that Romney is up to the challenge. But, we will see. He wasn't my first choice.
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Let me guess, Dumber. Your first choice was Palin? Uncle Herman? Perry?
 
It's hard to figure what he's contorting himself to cover up.. but the contortion indicates he is covering for something.. The irony of course is after 3 years we're still hearing how Obama was never vetted, while the same mouths are saying all this information on Mitt is irrelevant.. well no, it's not. He's using his record and experience as a reason why he's right for the job.. but so far we've learned that not only does he not have control of his money, he doesn't have anything to do with the company he was CEO,Chairman,managing director...etc of... and thru all of this, we're told to ask questions about his experience and record is just unfair opposition research..

it's so insane that the (R)ight is demanding Obama's college application from 20+ years ago.. while saying we don't need to see Romney's tax returns from a 3-4 years ago?

I don't get it.
 
ekg said:
it's so insane that the (R)ight is demanding Obama's college application from 20+ years ago.. while saying we don't need to see Romney's tax returns from a 3-4 years ago?

I don't get it.
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Like the new sig pic? I picked it just for them...
 
Howey said:
I didn't make any claim. I cited the law.
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No, you stated that according to the SEC Romney/Bain broke the law. That is stating that they said so.

Your citing does not indicate that they did what you accuse them of. Do you understand the difference in reporting for a private firm vs. a publicly traded firm?
 
Superfreak said:
No, you stated that according to the SEC Romney/Bain broke the law. That is stating that they said so.

Your citing does not indicate that they did what you accuse them of. Do you understand the difference in reporting for a private firm vs. a publicly traded firm?
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Now who's lying?


DID ROMNEY AND BAIN BREAK THE LAW?

You're so fucking stupid you don't know the difference between a rhetorical statement is and a statement of fact?

I've got Dumb (Dicksee), Dumber (FactsRStubborn) and Dumbest, do you want to be Dumberest?
 
Howey said:
Now who's lying?
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That would be you.


DID ROMNEY AND BAIN BREAK THE LAW?

You're so fucking stupid you don't know the difference between a rhetorical statement is and a statement of fact?
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Poor Howey, the above could be a rhetorical question, however... you ANSWERED it in your post. You stated, 'according to the SEC... YES'
 
ekg said:
It's hard to figure what he's contorting himself to cover up.. but the contortion indicates he is covering for something.. The irony of course is after 3 years we're still hearing how Obama was never vetted, while the same mouths are saying all this information on Mitt is irrelevant.. well no, it's not. He's using his record and experience as a reason why he's right for the job.. but so far we've learned that not only does he not have control of his money, he doesn't have anything to do with the company he was CEO,Chairman,managing director...etc of... and thru all of this, we're told to ask questions about his experience and record is just unfair opposition research..

it's so insane that the (R)ight is demanding Obama's college application from 20+ years ago.. while saying we don't need to see Romney's tax returns from a 3-4 years ago?

I don't get it.
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Or you could say "it's so insane that the (L)eft is demanding Romney's tax returns..while saying we don't need to see Obama's college transcripts (when you demanded them of George Bush). Just saying.
 
ekg said:
It's hard to figure what he's contorting himself to cover up.. but the contortion indicates he is covering for something.. The irony of course is after 3 years we're still hearing how Obama was never vetted, while the same mouths are saying all this information on Mitt is irrelevant.. well no, it's not. He's using his record and experience as a reason why he's right for the job.. but so far we've learned that not only does he not have control of his money, he doesn't have anything to do with the company he was CEO,Chairman,managing director...etc of... and thru all of this, we're told to ask questions about his experience and record is just unfair opposition research..

it's so insane that the (R)ight is demanding Obama's college application from 20+ years ago.. while saying we don't need to see Romney's tax returns from a 3-4 years ago?

I don't get it.
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Has Romney even presented a long form birth certificate?
 
Was Romney the CEO of Bain in 2000 and 2001 and 2002.

If not he lied to the SEC.

If so he lied to the American people.
 
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