Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

"The Wells notices advised that the Commission Staff intends to recommend that the Commission bring civil injunctive actions against them alleging violations of the federal securities laws contained in Sections 5(a), etc."

Per my thesaurus:
allege
verb
claim, assert, charge, accuse, declare, state, contend, argue, affirm, maintain, attest, testify, swear; formal aver.