This is completely untrue. In this case the SEC suspended based on complaints, and little or no investigation. Only then did they investigate, and take depositions.
Ingala brought proof of City Field contract, and reasons for all the other PRs with him to his deposition. SEC investigation found nothing, because there was never anything to find.
ALL questions were answered.
As far as Applebees, there are franchise owners that own multiple outlets. I think you already know that, but don't want to bring that up since it does not support your position.
SpongeBath