No it ain't. This SEC is useless and sat back and watched as Paivis fell from the dollars despite what were likely HUNDREDS of complaints filed against the company. After Paivis giving up almost all of its shareholder value already, why should anyone believe the SEC would intervene now?
No, new folks are just throwing the letters S.E.C. out there, but they probably aren't the same people who filed the hundreds of Paivis complaints back in 2006-08.