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Re: caltrader post# 83869

Friday, 11/12/2010 12:02:14 PM

Friday, November 12, 2010 12:02:14 PM

Post# of 111215
The SEC investigation is still another week.

The investigation does not automatically end when the suspension does:

What happens when the ten-day suspension period ends? Will the SEC issue a statement about the status of the company after the suspension has ended?

No. The SEC will not comment publicly on the status of a company when the ten-day suspension ends because the company may still have serious legal problems. For instance, the SEC may continue to investigate a company to determine whether it has defrauded investors. The public will not know if the SEC is continuing its investigation until the SEC publicly announces an enforcement action against the company.


http://www.sec.gov/answers/tradingsuspension.htm
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