Comment Text:
Dear Mr. & Mrs. C:
Good evening, and hope all is well way back East.
Please Note: We believe, by personally nominating ourselves to serve as a volunteer to the MRAC is a bit out-of-character, as all shy persons would attest to....and we hope our submission will be received in the same spirit it is being submitted.
The purpose of the MRAC membership is to serve as an advisor, and sit at the table and represent the interests of the Financial Investment Community (aka: the individuals who place their bets on the success and/or failure of business entities based upon the correct, open, transparent and honesty of their FS's (Financial Statements) (aka: financial data) contained within 10-Ks, 10-Qs, & 8-Ks, without prejudice. Therefore, we wish to submit our personal nomination to serve within the MRAC in this capacity, as there currently is not such an individual at this table, at this point in time. In the capacity of an 'advisor' any and all financial restrictions for such service should not be used as a filter to restrict membership to this advisory role.
In support of our personal nomination, we include the following as a small portrait our thoughts in this regard, at this point in time:
Who, other than the entities conducting their business within the ‘regulations’ of
the CEA review, test, analyze, verify the accuracy and efficacy of the data they
submit, just to be sure they’re not committing fin fraud, (aka: Financial Fraud,
as happened way back in 1989, ((aka: CDO’s, CDS’s, Bear Stearns, Lehman Brothers,
AIG, et cetera))? .Or, do we just accept whatever they send you all, and three
years later we discover what was submitted was tainted…. (Plusss, it’s French for
+) Due to the passage of The Jobs Act Tax Cut Bill-2017, this is all a tad
premature due to the fact that the following regulatory agencies are undergoing an
extensive clarification, updating and re-writing multiple business functional and
natural/business mgt. (aka: the C-Suite gentlemen must address to satisfy their
GRC (Governance, Risk & Compliance) obligations rules, regulations and compliance
tax artifacts.) Secondly, we’d like to see the test results and reports from your
extensive outreach program to those entities impacted by your decisions including;
auditors, cpa’s, investment community, investment industry, regulators and those
chosen to provide the ‘Reasonable Man’ litmus test for your efforts. This process
at this point in time is being conducted by some of the following regulatory
agencies; FASB, PCAOB, AICPA, et cetera….And lastly, we applaud your efforts to
broadcast far and wide your announcements seeking comments from your clients,
customers, stakeholders and constituents by burying same at the bottom of the
‘Black-hole of Calcutta’….(aka: The Federal Register), is it possible there is any
connection with the dearth of comments received over and over and over and….lack
there-of any comments what-so-ever received by the regulatory agencies including
the CFTC et al?
Also, the following must be an extended typo by someone, somewhere but please
don’t punish them as it’s only part and parcel of the ‘Human Factor’ which leads
to airline maintenance screw-ups leading to airline disasters, et al and
subjective interpretations of regulations that should be formulaic, as in without
room for interpretation:….” … There are no capital or start-up costs associated
with this information collection, nor are there any operating or maintenance costs
associated with this information collection….” This has to be a typo, since we all
know, whenever there is a change in anything, including regulations, there are
associated costs in getting up to speed, without the requisite number of glitches
tossed in…Perhaps.
Lastly, please correct the respective gobble-de-gook content verbage currently found within each Federal Register Announcement seeking a Request for Comments---to bad there hasn’t been any technical advancements since the establishment of the GPO (Government Printing Office), yep, too bad really. Also, we’d prefer something a bit more clear than an exercise in the proper use of semi-colons, hyphens and dangling participles. Don’t you agree?
Lastly, lastly, please offer us your walk-throughs and testing results so we all can review them, repeat them and be satisfied that a rogue-subjective-tool-head had not obfuscated the data provenance of same….Just so we can verify for ourselves the efficacy of what we’re being presented with…..One final reminder….Please Note: We’re the current victim of invisible cows being able to hack into my laptop, rendering our
my normal civility totally useless---we believe they’re Guernsey repatriates
skilled in programming in mud, while remotely working for Face-de-Bookends---living in the tiny border-less country of Ebola, in Eastern Europe---but we’re not sure. We trust you all will accept our solo-comments with the same grace and interest as they were delivered, as we believe you all are conducting important stuff, and our best wishes, too.....
Respectfully yours, Pw Carey
