| From: Frank Tymon [frank@QNET.COM] Sent: Tuesday, July 16, 2002 2:24 PM To: rule-comments@sec.gov; Rush Limbaugh; Buck McKeon; Lott; Walter Williams; avpress; FEINSTEIN; BOXER; Senator Pete Knight; Gray Davis, Governor; George Runner; G. Bush; Cheney; frank; World NetDaily; fifthdistrict; REGISTER; Sacramento Bee; oreilly Subject: S7-24-02 Hogwash! The proposal is mush. The following are needed: SEC licenses all auditor organizations. SEC publishes and monitors adherence to, strict standards to include 1 year maximum sequential contract for each auditor Each auditor, as initial part of audit, to review critically the prior audit, and report findings to SEC. No auditing organization, or participating member, or relatives, shall have any financial relationship with the audited organization. The auditors shall work directly for the directors, and the directors shall be responsible for their performance. Any significant discrepancies discovered in the audit shall be made public, notification shall be sent to all stockholders, and Directors shall follow up with an explanation of the corrective actions to be taken, and a schedule for their completion. The basic audit shall identify sources of income, sinks of expenditures, and status of retained funds. Any arrangement providing excessive income, actual or potential, shall be analyzed for legality, validity, and ethical considerations. No Director shall as a Director on other similar or competing organizations. No Proprietary information shall be provided by any Directors or Auditors to any uninvolved party. Particularly, any information that would give any individual an unwarranted opportunity to profit at the expense of others shall not be distributed. A set of moral and ethical standards shall be developed. Any Director or Auditor or Auditing organization failing to meet the standards shall not be allowed to continue in that capacity for the existing organization, or for any other organization. Any stockholder may, upon obtaining knowledge of illegal or unethical performance by Director or Auditor shall be authorized to file a class action suit against the organizations involved, against the Directors involved (individually and as a group), against the Auditing company involved, against the individual Auditors involved; and the company involved shall pay all legal expenses incurred by the individual or individuals involved in bringing and conducting such suit. Failure of the SEC to vigorously enforce these provisions shall be treated, at a minimum, as negligence on the part of the organization and its managers, and any stockholder involved is authorized to file a class action suit against SEC. No other provisions of law shall override this right. SEC shall pay all the legal fees incurred by the individual or individuals filing the suits. SEC must be the key party in insuring the Capitalistic system continues to work. Frank Tymon, A BUCK-A-BOOK BARGAIN! The latest READ IF YOU WANT, PAY IF YOU LIKE RTF-BOOK, readable with your word processor. OBESE? TRY THIS TAX FREE SOLUTION TO WEIGHT CONTROL.. To download, click on title, or type in URL listed below. THE LEAN MACHINE , frank@qnet.com; http://www.av.qnet.com/~frank/leanwhl.rtf | |
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