Bioelectronics Corp (BIEL)

[DewmBoom]

SEC Case Going in Favor of Biel: This is the first Sign

In the first sign of shake up as a result of the supreme court decision relative to disgorgement, the division is advising the commission to reduce the disgorgement.

However, the irony here is that the commission never asked the division on record to provide an opinion. It will be odd if the commission would accept a filing that they never asked for after the deadline. I am not a law expert but it did not make sense to me. The deadline to submit anything was May 15. Wouldn't this be considered interference????!

This is like saying, hey Commission, here what we like you to do because we know better.

https://www.sec.gov/litigation/apdocuments/3-17104-event-148.pdf

By the way. this whole thing could be waste of time anyway, with DC full circuit court due to make a decision on administrative law judges constitutionality and later by the supreme court!!!! So, this is far from over unless the comission dissmisses the case all together. They have an opportunity to do so now since the ALJ did not respect the digorgement 5 year limitation to start with