It is also the SEC's job to combat stock fraud. Which is what CGFI was. The bogus NI 43-101 report was one example. And CGFI's response was a classic - according to them, they had no idea what the term meant. They thought just attaching the term to the cover page of the report was what all companies did. Hilarious.
If the CEO had not died, I almost guarantee the SEC would have filed civil fraud charges here.
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