If you have verifiable proof that he did that, I would do all I could to help you. But you don't have it. No one does. Not even the SEC. Because Monk didn't sell.
I wouldn't be so sure of any part of that if I were you.
Monk makes more money daytrading than most. He doesn't need the money from the FLD's and he doesn't need the money that he invested in them because he never invested more than he could afford to lose, something that he has preached many times.
And you know that how? Have you ever seen Monk daytrade those ETFs? "Live" trading at the Monkinars isn't really "live". Nor, for that matter, is it trading. Why did he push the FLDs so very, very hard if he could pick up tens of thousands a week on ETFs?
Oh yes, and why was he signing documents as an agent for CDIV? What about those offshore accounts? So many questions...
I also know that anytime the SEC can have cameras rolling showing that they busted someone, they don't waste any time doing it.
Wrong. They need time to build a case, ALWAYS.