Univercell Holdings (UVCL)

[pual]

And some do beleive SEC is their to punish theifs and protect shareholders ???

SEC Seeks to Limit Investor Suits
MoneyNews
Tuesday, Feb. 13, 2007

WASHINGTON –- The Securities and Exchange Commission has taken initial steps to protect corporations, executives and accounting firms from investor lawsuits that accuse them of fraud.
For starters, the SEC filed a brief in Supreme Court last week urging the adoption of a legal standard that would make it more difficult for shareholders to prevail in fraud lawsuits against publicly traded companies and their executives, The New York Times reported.

At the same time, the agency's chief accountant said it was considering ways to protect accounting firms from large damage awards in cases brought by investors and companies.

According to the newspaper, critics of the SEC's actions said the moves signaled a major retrenchment from the post-Enron changes and showed that a lobbying push by big companies, Wall Street firms and the accounting industry was gaining traction.

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