You couldnt be more wrong. The SEC can ONLY suspend for ten days. Then the company starts trading on the greys. Then, if warranted, the SEC moves to revoke their registration. PERIOD
Oh and before you can jump on the fact that the SEC will not post their findings, I mean when they lift the suspention which is an indicator that all was found legit with the company or whether they extend the suspention which would mean they weren't satisfied with the documentation they requested or needed. Just a clarification!!!!!