Saturday, November 28, 2015

CEO and CFO responsibilities to shareholders


Welcome to Chedsblog!   
-Helping new traders avoid my old mistakes-

OTCBB Pennystock trading article topics include:

Reading financials and filings
Market makers 
L2 and chart analysis
Understanding the competition
Using social media to trade
Price and volume study
Bankroll management
Game theory
Sub .01 low float setups
Interviews with influence makers

OTCBB Penny Stocks Trading Market Makers L2 Charts Technical Analysis Financials Learning Discipline Networking Planning Bankroll Management Taking Profit Paper Trading Options Nasdaq NYSE Small Cap Stock Picks Alerts Bashers Growth Pennystock Sub Penny List Stop Loss Top Hot


CEO and CFO responsibilities to shareholders:   
                   Credit to IHUB: Mainesbest

CEO's and CFO's of public companies are subject to several Federal requirements whereby they are on record certifying the accuracy of their SEC filings. The objective of these requirements is for greater transparency and hence investor confidence which is becoming of  a greater priority and focus with regulatory and enforcement agency's in light of past and current accounting scandals. 

One of these requirements is contained in Section 906 of the Sarbanes-Oxley Act, which President Bush signed into law which requires CEO's and CFO's of all public companies -- not just the largest ones -- to certify the accuracy of all periodic reports (on Form 10-Q or Form 10-K) that they file. Further, the company officer (most of the time it is the CEO) must certify not just the accuracy of the 
information in the report, but also ascertain that the report complies with SEC reporting requirements. These certifications are not just limited to the financial statements in the filings. The certifications apply to ALL disclosures in the documents filed, regardless of the level of importance. Finally the SEC rules require that the executive certify that the financial statements "fairly present in all material respects the financial condition and results of the operations of the issuer." This goes beyond a mere statement that the financials comply with GAAP-SEC rules and regulations. 

ALL reports filed with the SEC are subject to SEC review and comment and, in fact, the Sarbanes-Oxley Act requires the SEC undertake some level of review of every reporting company at least once every three years. If the previously-issued financial statements are materially misstated, they have to be corrected promptly. A material misstatement does not automatically equate with criminal intent to defraud. 

However, the amendment does raise the question as to what prompted this matter and corresponding amendment-delay. One does not require a CPA license or a law degree to know that the subject of embedded conversions and their corresponding valuations is an area of concern that has found its way under the microscope and watchful eye of SEC and as well The Division of Enforcement, Chief 

Accountant's Office (ENF-OCA) which is a division of The Office of the Chief Accountant (OCA). It is the responsibility of the ENF-OCA, under the Securities Act of 1933 and the Securities Exchange Act of 1934, to monitor and enhance compliance with the applicable disclosure and accounting requirements. In its filing reviews, the Division concentrates its resources on critical disclosures that 
appear to conflict with Commission rules or the applicable accounting standards and on disclosures that appear to be materially deficient in transparency, explanation and clarity.

Further CEO's are not new to this subject and the SEC knows that companies seek out CPA's that will accommodate their unlawful reporting agendas. As a result of this practice and the adverse financial effects to the public came the enactment in 2002 of the Sarbanes-Oxley Act and later the Dodd-Frank Wall Street Reform and Consumer Protection Act, P.L. 111-203. These helped usher in a data analysis program known as the aberrational performance inquiry, or API. Today the SEC uses a software known as Market  Information Data Analytics System (Midas). The SEC began phasing this software in a few years back and such is applicable to to analyzing performance and filing results from every company, firm, and fund traded in the United States.



Welcome to Chedsblog!   
-Helping new traders avoid my old mistakes-

OTCBB Pennystock trading article topics include:

Reading financials and filings
Market makers 
L2 and chart analysis
Understanding the competition
Using social media to trade
Price and volume study
Bankroll management
Game theory
Sub .01 low float setups
Interviews with influence makers

OTCBB Penny Stocks Trading Market Makers L2 Charts Technical Analysis Financials Learning Discipline Networking Planning Bankroll Management Taking Profit Paper Trading Options Nasdaq NYSE Small Cap Stock Picks Alerts Bashers Growth Pennystock Sub Penny List Stop Loss Top Hot

13 comments:

  1. Have you heard about programmed ATM card? email: (williamshackers@hotmail.com) or WhatsApp +27730051607 for enquiring on how to get the ATM programmed card.
    We have special cash loaded programmed ATM card of $5000, $10000, $15000, $20000 and any amount your choice you need for you to buy your dream car, house and to start up your own business. Our ATM card can be used to withdraw cash at any ATM or swipe, stores and POS. Our card has daily withdrawal limit depending card balance you order. Contact us via Email if you need a card email: (williamshackers@hotmail.com) or WhatsApp +27730051607.

    ReplyDelete

  2. BEST WAY TO HAVE GOOD AMOUNT TO START A GOOD BUSINESS or TO START LIVING A GOOD LIFE….. Hack and take money directly from any ATM Machine Vault with the use of ATM Programmed Card which runs in automatic mode. email (williamshackers@hotmail.com) for how to get it and its cost . ………. EXPLANATION OF HOW THESE CARD WORKS………. You just slot in these card into any ATM Machine and it will automatically bring up a MENU of 1st VAULT $1,000, 2nd VAULT $2,000, RE-PROGRAMMED, EXIT, CANCEL. Just click on either of the VAULTS, and it will take you to another SUB-MENU of ALL, OTHERS, EXIT, CANCEL. Just click on others and type in the amount you wish to withdraw from the ATM and you have it cashed instantly… Done. ***NOTE: DON’T EVER MAKE THE MISTAKE OF CLICKING THE “ALL” OPTION. BECAUSE IT WILL TAKE OUT ALL THE AMOUNT OF THE SELECTED VAULT. email (williamshackers@hotmail.com) We are located in USA.

    ReplyDelete

  3. BE SMART AND BECOME RICH IN LESS THAN 3DAYS (williamshackers@hotmail.com)… It all depends on how fast you can be to get the new PROGRAMMED blank ATM card that is capable of hacking into any ATM machine,anywhere in the world. I got to know about this BLANK ATM CARD when I was searching for job online about a month ago..It has really changed my life for good and now I can say I'm rich and I can never be poor again. The least money I get in a day with it is about $50,000.(fifty thousand USD) Every now and then I keeping pumping money into my account. Though is illegal,there is no risk of being caught ,because it has been programmed in such a way that it is not traceable,it also has a technique that makes it impossible for the CCTVs to detect you..For details on how to get yours today, email the hackers on : (williamshackers@hotmail.com). Tell your loved once too, and start to live large. That's the simple testimony of how my life changed for good…Love you all …the email address again is email (williamshackers@hotmail.com)…

    ReplyDelete

  4. Cool way to have financial freedom!!! Are you tired of living a poor life, here is the opportunity you have been waiting for. Get the new ATM BLANK CARD that can hack any ATM MACHINE and withdraw money from any account. You do not require anybody’s account number before you can use it. Although you and I knows that its illegal,there is no risk using it. It has SPECIAL FEATURES, that makes the machine unable to detect this very card,and its transaction can’t be traced .You can use it anywhere in the world. With this card,you can withdraw nothing less than $4,500 a day. So to get the card,reach the hackers via email address : besthackersworld58@gmail.com or whatsapp him on +1(323)-723-2568

    ReplyDelete
  5. Testimony on how i received my programmed blank atm card to withdraw a maximum of $5,000 daily.

    I would without reservation recommend working with ATM GENIUS LINKS, My Name is Raul Marcos. Programmed Blank Atm Card is no longer a news or a new trend I've been reluctant in purchasing this blank Atm Card all because of what i heard about it online everything seems too good to be true, But i was convinced & shocked when my friend at my place of work got a Programmed Blank Atm Card from ATM GENIUS LINKS & today we both confirmed it really works, without delay i gave it a go. Ever since then I've been able to make a with-drawer of $5,000 daily from the Programmed Atm Card. I'm so excited that ever since i ordered & paid for delivery of the Programmed Atm Card, I didn't get scammed & now i have been able to arrange my life with this Programmed Atm Card, I own a House & a business now kindly contact them today for more inquiries and enlightenment via E-mail: atmgeniuslinks@gmail.com or WhatsApp +1-781-656-7138.

    Your Satisfaction is there Aim and your working with them will be of a good experience, kindly contact them today for more inquiries and enlightenment via E-mail: atmgeniuslinks@gmail.com or WhatsApp +1-781-656-7138.

    ReplyDelete
  6. Are you in a financial crisis, looking for money to start your own business or to pay your bills?
    GET YOUR BLANK ATM CREDIT CARD AT AFFORDABLE PRICE*
    We sell this cards to all our customers and interested buyers
    worldwide,Tho card has a daily withdrawal limit of $5000 and up to $50,000
    spending limit in stores and unlimited on POS.

    YOU CAN ALSO MAKE BINARY INVESTMENTS WITH LITTLE AS $500 AND GET $10,000 JUST IN SEVEN DAYS

    **WHAT WE OFFER**

    *1)WESTERN UNION TRANSFERS/MONEY GRAM TRANSFER*
    *2)BANKS LOGINS*
    *3)BANKS TRANSFERS*
    *4)CRYPTO CURRENCY MINNING*
    *5)BUYING OF GIFT CARDS*
    *6)LOADING OF ACCOUNTS*
    *7)WALMART TRANSFERS*
    *8)BITCOIN INVESTMENTS*
    *9)REMOVING OF NAME FROM DEBIT RECORD AND CRIMINAL RECORD*
    *10)BANK HACKING*
    **email blankatmmasterusa@gmail.com *
    **you can also call or whatsapp us Contact us today for more enlightenment *
    *+1(539) 888-2243*
    **BEWARE OF SCAMMERS AND FAKE HACKERS IMPERSONATING US BUT THEY ARE NOT
    FROM *
    *US CONTACT US ONLY VIA THIS CONTACT **
    *WE ARE REAL AND LEGIT...........

    2020 FUNDS/FORGET ABOUT GETTING A LOAN..*

    IT HAS BEEN TESTED AND TRUSTED

    ReplyDelete
  7. HOW I GO MY DESIRED LOAN AMOUNT FROM A RELIABLE AND TRUSTED LOAN COMPANY LAST WEEK. Email for immediate response: drbenjaminfinance@gmail.com Call/Text: +1(415)630-7138 Whatsapp +19292227023

    Hello everyone, My name is Mr.Justin Riley Johnson, I am from Texas, United State, am here to testify of how i got my loan from BENJAMIN LOAN INVESTMENTS FINANCE(drbenjaminfinance@gmail.com) after i applied Two times from various loan lenders who claimed to be lenders right here this forum,i thought their lending where real and i applied but they never gave me loan until a friend of mine introduce me to {Dr.Benjamin Scarlet Owen} the C.E.O of BENJAMIN LOAN INVESTMENTS FINANCE who promised to help me with a loan of my desire and he really did as he promised without any form of delay, I never thought there are still reliable loan lenders until i met {Dr.Benjamin Scarlet Owen}, who really helped me with my loan and changed my life for the better. I don't know if you are in need of an urgent loan also, So feel free to contact Dr.Benjamin Scarlet Owen on his email address: drbenjaminfinance@gmail.com BENJAMIN LOAN INVESTMENTS FINANCE holds all of the information about how to obtain money quickly and painlessly via Whatsapp +19292227023 Email: drbenjaminfinance@gmail.com and consider all your financial problems tackled and solved. Share this to help a soul right now, Thanks

    ReplyDelete
  8. Do you need an urgent loan of any kind? Loans to liquidate debts or need to loan to improve your business have you been rejected by any other banks and financial institutions? Do you need a loan or a mortgage? This is the place to look, we are here to solve all your financial problems. We borrow money for the public. Need financial help with a bad credit in need of money. To pay for a commercial investment at a reasonable rate of 3%, let me use this method to inform you that we are providing reliable and helpful assistance and we will be ready to lend you. Contact us today by email: daveloganloanfirm@gmail.com Call/Text: +1(501)800-0690 And whatsapp: +1 (315) 640-3560

    NEED A LOAN?
    Ask Me.

    ReplyDelete
  9. Hello,
    We are a professional Cyber Tech credit team with a large ring around
    the globe infected with more than 3 million debit malware and
    skimmers, we get a blank ATM card and load them with a lot of money
    quickly and safely, with which one can withdraw Cash either in euros or
    Swiss franc from ATMs and can be used by any POS system
    Note: Our cards are Illegal but trust me its 100% safe
    Contact: Daneil Jerry LEE
    Email: lee.jerry5555@gmail.com

    ReplyDelete
  10. i was lost with no hope for my wife was cheating and had always got away with it because i did not know how or

    always too scared to pin anything on her. with the help a friend who recommended me to who help hack her phone,

    email, chat, sms and expose her for a cheater she is. I just want to say a big thank you to

    HACKINTECHNOLOGY@CYBERSERVICES.COM . am sure someone out there is looking for how to solve his relationship problems, you can also contact him for all sorts of hacking job..he is fast and reliable. you could also text +1 213-295-1376(whatsapp) contact and thank me later

    ReplyDelete
  11. I have being hearing about this blank ATM card for a while and i never really paid any interest to it because of my doubts. Until one day i discovered a hacking guy called Mr. Oscar White, he is really good at what he is doing. Back to the point, I inquired about The Blank ATM Card. If it works or even Exist. They told me Yes and that its a card programmed for random money withdraws without being noticed and can also be used for free online purchases of any kind. This was shocking and i still had my doubts. Then i gave it a try and asked for the card and agreed to their terms and conditions. Hoping and praying it was not fake. One week later i received my card and tried with the closest ATM machine close to me, It worked like magic. I was able to withdraw up to $6000. This was unbelievable and the happiest day of my life with my girlfriend Laurel. So far i have being able to withdraw up to $78000 without any stress of being caught. I don't know why i am posting this here, i just felt this might help those of us in need of financial stability. blank ATM has really change my life. If you want to contact them, Here is the email address: oscarwhitehackersworld@gmail.com or what's-app him +1(513)-299-8247

    ReplyDelete
  12. DO YOU NEED A PERSONAL/BUSINESS/INVESTMENT LOAN? CONTACT US TODAY VIA WhatsApp +19292227023 Email drbenjaminfinance@gmail.com

    HELLO
    Loan Offer Alert For Everyone! Are you financially down and you need an urgent credit/financial assistance? Or are you in need of a loan to start-up/increase your business or buy your dream house. Are you in search of a legit loan? Tired of Seeking Loans and Mortgages? Have you been turned down by your banks? Have you also been scammed once? Have you lost money to scammers or to Binary Options and Cryptocurrency Trading, We will help you recover your lost money and stolen bitcoin by our security FinanceRecovery Team 100% secured, If you are in financial pains consider your financial trauma over. We Offer LOANS from $3,000.00 Min. to $30,000,000.00 Max. at 2% interest rate NO MATTER YOUR CREDIT SCORE. GET YOUR INSTANT LOAN APPROVAL 100% GUARANTEED TODAY VIA WhatsApp:+19292227023 Email: drbenjaminfinance@gmail.com


    ReplyDelete
  13. I had to leave this post here as a sign of gratitude since that is one of the least BRIXTON asked of me. From my calculations, I made $25,200 in 1-week trading but unfortunately lost it all after I tried to participate in an airdrop, I became very devastated until I read some wonderful reviews about WIZARD BRIXTON. I feel so much joy right now because BRIXTON did come through for me by getting my money back from those scam artists, my advice is for you to be mindful of the links you click online to avoid losing your money. The experience of losing your money to a scammer is not funny no matter how much. Feel free to ask me more hanswilton3@gmail.com or contact WIZARD BRIXTON via
    EMAIL : WIZARDBRIXTON(AT) GMAIL (DOT) COM
    WHATS-APPS : (+1- /807-23 ) 4-0428

    ReplyDelete

The Complete Beginners Guide to Crypto Currency Trading

OTCBB Penny Stocks Trading Market Makers L2 Charts Technical   Analysis Financials Learning  Discipline Networking Planning Ba...