ii) On December 22, 2015, the Company received a subpoena from the Securities and Exchange Commission (SEC) which indicates that the agency is conducting a formal investigation. The Company believes the subpoena and investigation relate to the recent unusual activity in the market for the Company’s shares. The Company is fully cooperating with the SEC in this investigation and is unable to predict when this matter will be resolved or what further action, if any, the SEC may take in connection with it.
The 10-K statement isn't even remotely similar to what you quoted -
The SEC wants to conduct a formal investigation to look into the company’s internal matters. In a filing, the company stated that the subpoena and investigation to the recent unusual activity in the market pertains to the company’s shares.
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