Monday, August 11, 2014 11:15:40 PM
Not true. What is clear is the exact opposite. The SEC conducted an investigation and found enough fraudulent activity to suspend the stock. They actually do investigate before suspension. They do NOT suspend on suspicion, innuendo or rumor. If they did, nearly 100% of the OTC would be suspended.
The SEC may only suspend a stock for one of two reasons - fraud or delinquent filings. Since FSPM is not an SEC registrant and has no filings to be delinquent, they suspended for fraud.
And your assertion that charges must come within 120 days is ridiculous and untrue. Here is an example of how the SEC and the DOJ really work. The SEC suspended this company in June 2011. Charges were filed in July 2014 - over 3 YEARS later.
http://www.sec.gov/litigation/litreleases/2014/lr23047.htm
Securities fraud is complicated, and often involves foreign jurisdictions. It doesn't take long to determine if fraud is present, but it does take time to get all the facts and build an unbreakable case. FSPM might not see any charges for many years. Just because none have been filed so far is absolutely meaningless.
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