Spongetech Delivery Systems Inc (fka SPNGQ)

[underdog150]

Here is the list of reasons for an SEC investigation.
Funny how it doesn't mention *shorting* as a priority.
Common violations that may lead to SEC investigations include:

misrepresentation or omission of important information about securities;

manipulating the market prices of securities;

stealing customers' funds or securities;

violating broker-dealers' responsibility to treat customers fairly;

insider trading (violating a trust relationship by trading on material, non-public information about a security); and

selling unregistered securities.
http://www.sec.gov/about/whatwedo.shtml

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AGREE THE NSS POSITON COULD BE THE REASON FOR INVESTIGATION


no it can't. the sec investigates sec violations. period. they don't investigate urban legend. the sec is investigating spng for securities violations. there is no other explaination.