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lucky, mydog

05/19/17 4:39 PM

#140934 RE: reddy99 #140930

well, crime is an overstatement. these are not crimes. they are violations of regulations. it is not within the power of the sec to "shut down" a company for suspected fraud. we could talk about that some more if you like but it's not relevant here. they can shut down a company for violations of the 1934 security act( or is it the 1933 security act? i always get those two mixed up). when the company initially registered their shares they promised to do periodic (quarterly) and annual reports. they broke that promise.