Shareholders are aware that if revocation was REQUIRED it would be a law and there would be no due process. If that is what the Commission intended, the regulation allowing judicial discretion would be canceled and the regulation would be automatic.
The Commission does not state revocation in any manner or form.
FYI— Agencies overreach is being reviewed by SCOTUS in this term with the SEC a prime example, in news today and I will share in separate post. Stay tuned.
Enforcement has gotten away with bullying and closing companies down as it is a number used as a “win” for funding each year.
Less than 1% of companies revoked ever are reregistered as the same Company.
This whole practice IMO should be revisited with companies being supported to survive in the best interests of shareholders, instead of quick wins by an over-reaching division of an agency, NOT directed by the Commission .
Have a read re agencies could have power lessened by SCOTUS. SEC? Good idea to pull back on Enforcement power, who overreach regularly.
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