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Tuesday, September 15, 2009 1:48:01 PM
Posted by: greedy__malone Date: Friday, September 04, 2009 11:53:46 AM
In reply to: 500_and_Long who wrote msg# 1142 Post # of 1324
500 not a single complaint I have sent has resulted in a suspension the next day. The SEC does not work that way. The SEC notifies a company, requests documents and the allows the company time to respond. If the response is not sufficient or no response comes at all then they can suspend them if they deem it necessary in order to protect shareholders.
The fastest I have seen any company suspended after I have filed complaint is about 1 month.
Now, I can't say it was my complaint that got the ball rolling just like I can't say it was not. Couldn't tell you if there have been other complaints made about BEHL or that the SEC will even act on it.
Many factors are involved when it comes to SEC action.
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