Is SEC working for the best interest of KMAG shareholders
No, the SEC is working in the best interests of the market. Fulfilling its mandate to prevent fraud, and enforcing securities regulations. The SEC has no obligation or mandate to molly-coddle shareholders of any stock post suspension.
or are they working in the best interests of the industry which could lose lots of money when KMAG starts trading again?
Huh? KMAG is trading - in the grey market. What industry is going to lose lots of money, if a Form 10 is ever filed, and how would they be losing money? The mythical Rothschild inspired German NSS conspiracy?
The Jewel of the Mind is Colored with the Hue of what it Imagines