Remember 138,000 shares were sold by insiders. Why is it that the SEC is only going after the new officers 19,500 shares.
If the SEC is going to grant the request for relief for the NET CAPITAL rule to brokers then the very least they should do is pursue every single share that was in the original 3M shares let lose and FINE the individuals who sold them a minimum of THREE times the transaction amount.
Pay close attention in the charges brought so far, the SEC let the guy keep $20,000 and then fined him like $45,000.
For something of this magnitude either let it play out in the market place or recover all of the money * 4 and return the money to investors.
The SEC's behaviour here is outrageous
Before you criticize a man, walk a mile in his shoes. That way, if he gets angry, he's a mile away and barefoot.
