Expo Holdings Inc. (EXPH)

[fourkids_9pets]

response rec'd in from the SEC
re: complaint filed on pali capital

File no ~ H01347745

Dear xx. xxxxx

We are taking your complaint involving Pali Capital very seriously, and have
referred it to the appropriate people within the SEC.

Please understand that the SEC conducts its investigations on a confidential
basis and neither confirms nor denies the existence of an investigation unless
we bring charges against someone involved. We do this to protect the integrity
and effectiveness of our investigative process and to preserve the privacy of
the individuals and entities involved. As a result, we will not be able to
provide you with any future updates on the status of your complaint or of any
pending SEC investigation.

Below is a flyer that describes our policy as it will apply to your complaint.
Please contact me if you have other questions.

Sincerely,

CECELIA R HOWELL
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
[phone]



INFORMATION ABOUT SEC INVESTIGATIONS

Each year, thousands of investors ask the Securities and Exchange Commission to
investigate the activities of other investors, financial professionals,
corporations, brokerage firms, investment companies, stock exchanges, and
others. These complaints generally suggest some impropriety or misconduct and
sometimes make a plea to the SEC for direct assistance in resolving a grievance.

The SEC has the authority to investigate whether violations of the federal
securities laws have occurred, and we make every effort to evaluate promptly and
thoroughly the information provided by investors. But we cannot investigate
every investor complaint. While many investor complaints do lead to full
investigations and, if appropriate, to enforcement actions, we cannot guarantee
that our review will lead to further investigation or that the SEC will take any
legal action.

We also cannot provide you with updates on the status of your complaint or your
request for an investigation. The SEC conducts investigations confidentially
for two main reasons. First, we can conduct investigations more effectively if
they are not announced publicly. For instance, important documents and evidence
can be destroyed quickly if people hear of an investigation. Second, we keep
our investigations confidential to protect the reputations of companies and
individuals if we find no wrongdoing or decide we cannot bring a successful
action against them. The SEC will not confirm or deny the existence of an
investigation unless, and until, it becomes a matter of public record as the
result of a court action or administrative proceeding.

When there is proof that someone has violated the securities laws, the sanctions
may include financial penalties, orders to surrender profits, cease and desist
orders, or an injunction by a court to prevent further violations. The SEC may
also bar individuals from working for a securities firm, investment adviser, or
investment company. We can also ask a federal court to bar individuals from
being officers and directors of publicly held companies. In some situations, we
may refer a case to the Department of Justice for possible criminal prosecution.


The SEC publishes news releases about its lawsuits and administrative actions,
and the news media often report on them. You can read and download the SEC’s
“Enforcement Actions” on our website at www.sec.gov/divisions/enforce/enforceactions.shtml.
Or you can obtain hard copies by reviewing “How to Request Public Documents” at:

http://www.sec.gov/answers/publicdocs.htm
Or
Submit a written request to:
U.S. Securities and Exchange Commission
Office of Investor Education and Advocacy
100 F Street N.E.
Washington, DC 20549-021
Fax: [phone]
Phone: [phone]


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4kids
all jmo