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Re: buydontborrow post# 49448

Wednesday, 07/23/2014 2:53:14 PM

Wednesday, July 23, 2014 2:53:14 PM

Post# of 50129
Sorry, but that is not how the SEC works. The trading suspension comes early in the SEC investigation process. Not the end.

Typical SEC investigations take years, not days, weeks, or even months. Here is an example of an SEC case. They filed fraud charges against the Company and the insiders on July 18, 2014. The Company was suspended from trading by the SEC in June....2011. It took over THREE YEARS from the date of suspension before the fraud charges were filed. And that is not unusual. Securities fraud cases are complicated and very detailed, which is why it takes so long.

http://www.sec.gov/litigation/complaints/2014/comp-pr2014-140.pdf

FRTD has not been cleared by the SEC. The investigation continues.