SEC Suspensions & Revocations

[janice shell]

Renee, do you have any insight as to why the SEC has been on a rampage thus far this month? Has something changed?

Hard to say. It's been suggested that all this has simply to do with the end of the federal fiscal year, which is 30 September. They always try to clean up pending matters as it approaches, so usually there's a good deal of enforcement activity in August, September, and maybe the first week of October.

However, this also hit today, and it also has to do with policing registrants' filing obligations:

https://www.sec.gov/news/press-release/2018-207

I'm only familiar with two of the companies--COOL and IFXY--but they're pretty dicey. Unfortunately, they got off the hook way too easily.