They underscore the complexity of all ethical controversies, those that involve RTO companies and others.

FORBES: Reverse Takeovers: The Poor Man's IPO Deserves Some Respect

Bad advice, bad coaching, etc. are endemic in the capital markets, RTO or no RTO.

FORBES: Reverse Takeovers: The Poor Man's IPO Deserves Some Respect

First, they resigned from the RTO firm China MediaExpress Holdings (CCME) in March after saying they had lost confidence in management.

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It seem to me the anti-RTO advocates are following the Roman approach.

FORBES: Reverse Takeovers: The Poor Man's IPO Deserves Some Respect

If Longtop gets delisted like a much smaller RTO company (which seems very likely), it will send shockwaves through the American investor community.

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The RTO firms are more likely to be in the smaller, more obscure, end of the market, where the risk of fraud tends to be higher, RTO or no RTO.

FORBES: Reverse Takeovers: The Poor Man's IPO Deserves Some Respect

Kempton then contacted his regional transmission organization (RTO), PJM Interconnection, which manages wholesale electricity in 13 states and the District of Columbia, and convinced it to make it possible to pay customers for providing this service.

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Is it the RTO?

FORBES: Reverse Takeovers: The Poor Man's IPO Deserves Some Respect