Here is an exact reply i got from the sec, in regards to Larry S and eqbm:
Reply from SEC;
Thank you for contacting the SEC about our announcement relating to "Operation Spamalot."
Unfortunately, we are unable to provide you with the information on any SEC investigation into Equitable Mining Corp. This is in part because SEC investigations are nonpublic and confidential. Although we announced the trading suspensions today, the announcement also noted that the trading suspension was the first step on an ongoing investigation. I also note that we are aware of the potential impact that a trading suspension may have on individual investors. While the SEC recognizes that a suspension often causes a dramatic decline in the price of the security, the SEC suspends trading only when it believes the public may be making investment decisions based on false or misleading information. Suspensions give notice to current and potential investors that the SEC has serious concerns about a company. A suspension may prevent potential investors from being victimized by a fraud.
I hope that this information is helpful.
Leslie M. Garner Attorney Office of Investor Education and Assistance U.S. Securities and Exchange Commission
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