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Originally Posted by Cajungator26
Unfortunately, that's the nature of this business too as a whole. (I work for a securities firm, so I would feel confident in saying that I know about the situation.) Because of this particular situation, we have the SEC breathing down our necks about everything.
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The markets are all about perceived value, that is why so many companies have high stock prices but aren't even close to profitable. They made Enron look a lot better than it was on paper, inflated the price, and dumped it. You probably already know this but the securities business has the rating agencies like Moodys and S&P that keep it as pretty honest. The hedge funds are the ones right now that are pretty sketchy because nobody really watches over them.