The SEC declares that they do not frivolously suspend ANY stock because they recognize the damage a suspension WILL have on that stock when it resumes trading in ten market days. That isn't my opinion....the SEC actually declares that ( slightly paraphrased to my memory, which BTW is impeccable ). Now, where was I...wee joke there
On that declaration it can be reasonably presumed that the SEC has adequate EVIDENCE to suspend a stock and hi-lite the generalized evidence as " QUESTIONS have arisen...." .
Possibly the suspended company was discreetly asked BEFORE the suspension to answer the SEC's questions and the company either refused to answer OR the answers given did not satisfy the SEC. Or the SEC's Investigators examined news releases and Financials and then investigated further, eg DTCC , Transfer Agent, trading volumes and PPS rises correlated to the questionable news releases and Financials, and evidence of stock promotion.
The SEC is the Grand Poobah Regulator and when they ask questions those questions will be answered, either co-operatively and fully or by formal charges and Court Ordered Subpoena.
There should be no doubt the SEC had adequate evidence against Laidlaw regarding the public stock...the ONLY thing they care about.
Readers of my posts can choose to ignore them or include them in their individual process of making informed decisions from ALL opinions and posts.
Those who demand evidence I suggest reading where the SEC raised " QUESTIONS " with a few thousand other stocks to understand the gravity of that word. Hint.....the SEC uses a Hubble-sized microscope when they demand answers.
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