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Re: RANGOLEGEND post# 40764

Thursday, 11/29/2018 6:59:58 PM

Thursday, November 29, 2018 6:59:58 PM

Post# of 64386
Why couldn’t the SEC forewarn investors that it was about to suspend trading in a stock?
The SEC cannot announce that it’s working on a suspension. We conduct this work confidentially to maintain the effectiveness of any related investigation we may be conducting. Confidentiality also protects a company and its shareholders if the SEC ultimately decides not to issue a trading suspension. The SEC is mindful of the seriousness of suspensions, and carefully considers whether it is in the public interest and for the protection of investors to order a trading suspension.

https://www.sec.gov/investor/alerts/tradingsuspensions.pdf