Elite Pharmaceuticals Inc (ELTP)

[rrr2003]

Ah, but they do review filings.

no, not particularly. They certainly do not "interpret" the filings. sorry

https://www.sec.gov/divisions/corpfin/cffilingreview.htm

"The Division of Corporation Finance selectively reviews filings made under the Securities Act of 1933 and the Securities Exchange Act of 1934 to monitor and enhance compliance with the applicable disclosure and accounting requirements. In its filing reviews, the Division concentrates its resources on critical disclosures that appear to conflict with Commission rules or the applicable accounting standards and on disclosure that appears to be materially deficient in explanation or clarity."

If the SEC, as they say, focus on problematic companies, why would they not have concerns with the J series transaction conducted with Nasrat. I mean, after all, Elite has been painted as a sleazeball company in constant contravention of all that is good about an operationg company. Shouldn't Elite be on the SEC's watch list?