While SEC in the past has turned a bit of a blind eye to penny ante shenanigans, recent history indicates they are finally taking the abuses more seriously.
Perhaps the marketing activity surrounding FROZ pre-merger will be examined ? One can hope SEC will step up in defense of shareholders and taxpayers.
FWIW from a long APT shareholder and a US and a MO taxpayer?
"Any fool can criticize, condemn and complain--and most do.” Dale Carnegie
"Be ashamed to die until you have won some victory for humanity". Horace Mann