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Obama's Vendetta With Gun Makers Gets Personal: Smith & Wesson Shares Plunge After Call For SEC
zero hedge ^ | december 15, 2015 | tyler durden

Posted on 12/16/2015 5:48:49 PM PST by lowbridge

has decided to take his vendetta with US gun makers to the next level and as the NYT reported overnight, "the New York City public advocate on Monday asked federal regulators to investigate whether the gun manufacturer Smith & Wesson had made adequate disclosures in its financial statements."

One would think that being in compliance with all existing SEC regulatory requirements would be sufficient, but when one is on Obama's black list there are additional requirements for "adequate disclosure" one must follow, especially the ones that one does not know about because they appear only after the fact.

The NYT continues:

In an eight-page letter, the public advocate, Letitia James, said the Securities and Exchange Commission should examine whether Smith & Wesson misrepresented or omitted information about how often its products are involved in crimes and what it has done to keep its guns out of the hands of criminals.

In the letter "public advocate" Letitia James says that "with the increase in mass shootings, public concern about the proliferation of firearms has animated a national dialogue about gun control measures, interstate gun trafficking, and whether gun manufacturers should take additional steps to ensure that their products do not end up in the hands of criminals," the letter says. "Smith & Wesson knows that it is at risk of grave reputational harm."

It probably also did not know that the US government is capable of extortion when it does not get its way; it will be quite aware of that now.

Ms. James' punchline: "shareholders would want to know whether Smith & Wesson faced heightened regulatory scrutiny or significant litigation risk."

They would, especially now that the administration of the world's biggest democracy is taking a "negotiating tactic" page right out of Stalinist Russia.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Crime/Corruption; Government; News/Current Events
KEYWORDS: banglist; guncontrol; gunmanufactures; guns; obama; obamaguncontrol; sec; secondamendment
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Full title: Obama's Vendetta With Gun Makers Gets Personal: Smith & Wesson Shares Plunge After Call For SEC Investigation
1 posted on 12/16/2015 5:48:49 PM PST by lowbridge
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To: lowbridge

BUY BUY BUY!!


2 posted on 12/16/2015 5:50:26 PM PST by WENDLE (Trump is not bought . He is no puppet.)
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To: WENDLE

“BUY BUY BUY!!”

Buy both their products AND their stock.


3 posted on 12/16/2015 5:52:53 PM PST by vette6387
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To: lowbridge

This is legal? What a total punk.


4 posted on 12/16/2015 5:57:05 PM PST by Billthedrill
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To: vette6387

Great guns. I love their 5 shot .38 revolvers. So easy to shoot!!Awesome.


5 posted on 12/16/2015 5:57:20 PM PST by WENDLE (Trump is not bought . He is no puppet.)
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To: lowbridge

M&P Shield in 9mm is single stack and EXTREMELY concealable. One of the top two choices for conceal carry in the country. Very nice job Smith! Highly worth it.


6 posted on 12/16/2015 5:58:20 PM PST by The Toll
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To: vette6387

Concur. Also load up on Federal Ammo and Blackhawk holsters. Maybe some Hopees cleaner. All owned by VISTA Outdoors. They own Savage arms as well Symbol VSTO. OA- Orbital ATK owns the ammunition market for the armed services.


7 posted on 12/16/2015 5:59:44 PM PST by samadams2000 (Someone important make......The Call!)
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To: The Toll

Intending to get one of these for my wife on Friday.


8 posted on 12/16/2015 6:01:40 PM PST by alancarp
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To: alancarp

I love mine. Beat my Glock 43 out. Sold the Glock. It’s shockingly accurate right out of the box.


9 posted on 12/16/2015 6:05:04 PM PST by The Toll
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To: The Toll

Bought a Shield over Thanksgiving weekend. Already had a couple of J-frames, and a Model 29.


10 posted on 12/16/2015 6:07:25 PM PST by Mr Rogers (Can you remember what America was like in 2004?)
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To: The Toll
Whoa. Talk to me.

Sup with that particular iron.

11 posted on 12/16/2015 6:07:27 PM PST by Lazamataz (It has gotten to the point where any report from standard news outlets must be fact-checked.)
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To: lowbridge

Obama’s goal is to utterly destroy all non liberal institutions and thought.


12 posted on 12/16/2015 6:07:55 PM PST by Sasparilla
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To: Billthedrill

The Republicans should pay back after the next election. There should be enough lawsuits to keep bathhouse Barry busy for the rest of his life and long after he is broke.


13 posted on 12/16/2015 6:08:48 PM PST by MtnClimber (For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
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To: Mr Rogers

It’s a real good pistol. Real good.


14 posted on 12/16/2015 6:09:24 PM PST by The Toll
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To: lowbridge

Bought some today, seemed like the right thing to do.

May buy some more !


15 posted on 12/16/2015 6:11:00 PM PST by JMJJR ( Newspeak is the official language of Oceania)
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To: lowbridge

Oh good grief.....and Ted Koppel just likened Trump to Mussolini? He had the wrong man in that analogy!


16 posted on 12/16/2015 6:12:54 PM PST by nopardons
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To: lowbridge

I think it’s an overreaction. This flake chick is some NYC flunky. Who cares what she says. I’ll put a dollar on nothing happening. Obama has already had his dick smashed by the courts on Amnesty. His coming EO on guns will be anemic. He did something like this and the courts would smack his SEC people into sunday.


17 posted on 12/16/2015 6:14:21 PM PST by Lazamataz (It has gotten to the point where any report from standard news outlets must be fact-checked.)
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To: Lazamataz

I’ll bring it along when we hit the range. It’s just a great balance. I Apendix carry and it’s very flat, just disappears completely, no printing. Most folks don’t like a safety on a carry pistol but I do. The safety location makes it super easy to disengage from draw. Plus the initial trigger pull is perfect to me. I really like it for its designed purpose.


18 posted on 12/16/2015 6:14:49 PM PST by The Toll
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To: JMJJR

I refused to buy S&W when they knelt before the Toon. I may have to reconsider. Never been much for wheel guns so there is this whole in the arsenal. I may have to fill it.


19 posted on 12/16/2015 6:15:06 PM PST by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: Sasparilla
Fair is fair bro. This one isn't Obama. This is some whackjob from NYC.

One look at this pic, and you will see the complete unhinged nature.

This article is the first concrete example of what many people have told me about Tyler Durden from Zero Hedge: He writes Fear Porn.

20 posted on 12/16/2015 6:16:41 PM PST by Lazamataz (It has gotten to the point where any report from standard news outlets must be fact-checked.)
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