Give it a Texas minute, partner.
If necessary, we will tell you "more about how evil the SEC is and how it was their fault for the" lack of enforcement in this case, which has likely caused $390 million in damage to shareholders, just in regards to selling unregistered shares. That doesn't count penalties and interest, and that's assuming that the SEC is correct in making that charge, which they have only partially prosecuted. In addition, that ignores the RegSHO violations, which were a daily occurence for months at a time.
The DOJ is busy, threatening 5600 municipal courts with discrimination suits, because the defendants in some cases are primarily black. Then there's that YUUUGE social issue involving civil rights violations caused by laws that require men to use the mens' restrooms. And let's not forget the inexcusable injustice inflicted upon society by the lack of Section 8 housing in affluent neighborhoods. And how dare we not draft women into combat roles in the US military?
With so much on Loretta Lynch's plate, prosecuting actual violations of law are waiting in line behind prosecutions of perceived violations of law. And there's only 6 months remaining to implement the administration's agenda, before Trump gets elected to tear it all down.
So we have to wait patiently for the naming of dozens of Relief Defendants in the SpongeTech case.
AI
