Yes. Technically, they were suspended because they haven't filed with the SEC since 2004. The SEC also wants to revoke the company's registration. Ol' Jerry needs to move very quickly on that:
IT IS FURTHER ORDERED that the Respondent shall file an Answer to the allegations contained in the Order Instituting Proceedings within twenty days after service of this Order, as provided by Rule 220 of the Commission’s Rules of Practice [17 C.F.R. § 201.220].
If the Respondent fails to file the directed Answer, or fails to appear at a hearing after being duly notified, the Respondent may be deemed in default and the proceedings may be determined against it upon consideration of this Order, the allegations of which may be deemed to be true as provided by Rules 155(a), 220(f), 221(f), and 310 of the Commission’s Rules of Practice [17 C.F.R. §§ 201.155(a), 201.220(f), 201.221(f), and 201.310].
If he defaults on this legal action, MCIO will be gone in a fairly short time.
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