SpectraScience Inc (fka SCIE)

[Nebuchadnezzar]

technically, the stock "should have been shut down" a long time ago

a good lawyer could sue the SEC for negligence

if such entity or stock "should have been suspended" months or years ago, but yet they allowed it to be traded, knowing fully well that the stock should have been suspended based on their very own standards, that by their own lack of effort/ diligence caused investors to lose money, damages could be collected at the behest of the SEC.

first of all, SCIE should have been labeled CAVEAT EMPTOR, it wasn't, it was dark defunct with STOP sign, Pink NO INFORMATION

had it been properly labeled Caveat Emptor prior to suspension, it would "publicly state" the following:

The Caveat Emptor Designation may be assigned when OTC Markets becomes aware of one or more of the following:

Promotion — The security is the subject of stock promotion that may be misleading or manipulative. Promotional activities may include news releases, spam email, and newsletters, whether they are published by the issuer or a third party. See OTC Markets Group's Policy on Stock Promotion.

Investigation of Fraud or Other Criminal Activities — There is an investigation or other indication of fraudulent or other criminal activity involving the company, its securities or insiders.

Suspension/Halt — A regulatory authority or an exchange has halted or suspended trading for public interest concerns (i.e. not a news or earnings halt).

Undisclosed Corporate Actions — The security or company is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available.

Other Public Interest Concern — OTC Markets Group may determine that there is a public interest concern regarding the security. Such concerns may include but are not limited to promotion campaigns (including third-party), unusual or unexplained trading activity, spam or disruptive corporate actions even when adequate current information is available.

the SEC can be sued.

STOP SIGNS get this:

Warning! This company may not be making material information publicly available

Buying or selling a security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.

buying a STOP SIGN stock simply on MOMO, volume or chart data is PUBLIC MATERIAL and not "NONPUBLIC MATERIAL"


if an insider from SCIE was front loading with NON PUBLIC MATERIAL--then yes, they are in trouble.



XRP issue alone is very interesting

https://modernconsensus.com/cryptocurrencies/xrp/xrp-investors-sue-sec-demanding-damages/