WannaB – if the SEC is involved, it is to determine if there was any wrong doing. Arnold did not say they found any evidence of wrong doing just that they are “investigating for wrong doing”. That’s what they do and there is nothing wrong with that statement. In terms of other things being done in the meantime, these investigations can take years and businesses don’t shut down while they are being investigated formal or informal. Today’s announcement has no connection the inquiry. It neither supports it or dismisses it.
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