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Paul Atkins

👤 Speaker
104 total appearances

Appearances Over Time

Podcast Appearances

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

is to encourage foreign companies to list here in the United States, because then Americans can buy these shares, you know, under American law and with American protections of disclosure and all of that, which I think is valuable rather than why I'm abroad.

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

And then you have to worry about, you can receive your dividends.

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

How am I gonna, you know, change, you know, whatever our road to dollars or whatever it may be.

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

But over time we've seen in particular, as I mentioned with the Chinese companies,

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

That if they're not being regulated in their home country, then these foreign companies that are listed in the United States have particular exemptions.

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

They don't have to comply with all the rules that American companies do because we had a concept of substituting compliance.

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

It's regulating, and so this is a convenience for Americans.

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

But if the Chinese companies now, they're listed in the United States, they should be under American regulation.

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

But because of this kind of loophole in our laws are not subject to that, we give them exemption from that.

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

That's what we're looking at.

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

And so we've noticed over time that some of these shares, especially if they're penny stocks, that they're subject to what we call ramp and dump.

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

So over time, we watch the price go up without any

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

Real explanation, no news about the company.

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

And we monitor chat rooms and things like that.

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

And then suddenly the price collapsed.

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

So that's because people are manipulating it.

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

So we have stopped now trading of those sorts of companies.

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

We start seeing the indicia there of what's going on.

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

And then we stop trading with it.

Morning Wire
Chairman Paul Atkins on Restoring America’s Capital Markets

NASDAQ is cooperating with us and all.