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jakedogman1

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jakedogman1

Re: None

Friday, 08/03/2007 10:50:38 AM

Friday, August 03, 2007 10:50:38 AM

Post# of 345981
No-Action Letter Definition

An SEC letter indicating that no civil or criminal action will be taken against an individual engaging in a particular activity; sent in response to a written request for clarification when the legality of the activity in question is not well-established.

Translation: The proper palms have been greased within the SEC and various other govt entities including congress.

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