Cherubim Interests Inc (CHIT)

[janice shell]

It was suspended for ten days beginning on 15 February 2018. The investigation would have begun in late 2017, and intensified after the suspension. Evidently they were fairly quick, sending subpoenas to Ekejija and Johnson by summer. But neither has cooperated, which is why the SEC went to court to enforce.

Probably they're now assessing their options. They could try to get the FBI to join in the fun, and stage a raid on Ekejija's office, assuming he has one. Same for Johnson. The government shutdown would have put that on hold for a month, for the FBI and for the SEC.

So we wait to see what happens next. It can take the SEC a long time to complete an investigation, especially if they feel the people they're looking at aren't a present danger to investors.