Spongetech Delivery Systems, Inc. (fka SPNGQ)

[DougRich1]

Subpoenas are issued to ALL parties whereby the SEC needs to gather evidence. There are several on this board that have no idea what a subpoena is and/or why someone is subpoena. Let me enlighten you. Receiving a subpoena is not an indication that the SEC thinks you have done something wrong. Most people are subpoenaed as witnesses, not as investigations targets. WHILE BROKERS OFTEN BECOME upset or even angry when they are named in customer arbitration, nothing strikes fear in the hearts of licensed individuals as much as being called to testify before their own regulatory body. Oh yeah, and one more thing...It is a federal crime to make a false statement or representation to any government official, including a member of the SEC.