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matrix

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matrix

Re: roadie post# 59412

Sunday, 02/11/2007 6:14:00 PM

Sunday, February 11, 2007 6:14:00 PM

Post# of 82841
Yes, they have. Here's an example:
http://sec.gov/litigation/admin/3438260.txt
http://sec.gov/litigation/admin/3438345.txt

In the late 90's though, the SEC was sued and lost over this very issue. The court said Congress didn't give the SEC authority to extend suspensions. They can issue a new one but have to come up w/ a different reason. Since losing that lawsuit, I don't think they've done any back to back suspensions. There are a couple stocks (e.g. eConnect) where the SEC suspended a couple times but periods were widely spread out.

-----
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett

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