DD Support Board and Research Team

[janice shell]

The next sound you hear will be "Where was the SEC?"

That's a question I've been asking of late. For most of last year, the Microcap Taxk Force was very active. They took out tons of delinquent filers, suspended 255 dormant shell companies, and went after dicey pot stocks. In March, Mary Jo White gave a speech in which she said:

These trading suspensions perform a critical investor protection function—not only do they stop trading in the company’s stock for ten days, but they also have the effect of preventing market makers from displaying quotes in those securities until the company updates its public disclosures. We also have been using our trading suspension authority more frequently to cut off trading while the pump-and-dump is in progress.

http://www.sec.gov/News/Speech/Detail/Speech/1370541342996#.VMP03Uu0Kf0

And then at the end of September, it all stopped. There've been almost no suspensions for cause since then. Not a single one so far this year.

What's the problem? Did someone decide that a few of the pot stock suspensions were premature? But why would that be reason to cut back on suspensions generally? God knows there're enough screaming scams out there that warrant them.

Needless to say, I don't believe calling and asking about this would elicit any real answers.