Zion Oil & Gas Inc (ZNOG)

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pps almost doubled the day zn announced oil in the drilling mud feb 13

such an event apparently triggered a standard finra questionnaire

plus caused panda ect to complain to sec-as noted in the pr

so sec would investigate -i've found nothing misleading in zn's statements since feb 13 -but other co's have said sec uses a fine toothed comb so it takes time-there is no fraud- its a civil investigation- july 11 8k says sec has not accused anybody of wrong doing

and in the other stock i was in where sec investigated thoroughly a judge cleared the co of fraud-the co was cleared of all charges-so yes the sec is not always right-

and no charges have yet been brought by sec and imo would not be-if theres some technical issue where they made an honest mistake they might be fined if the sec is legalistic but thats about it