Plastic2Oil Inc (PTOI)

[Rawnoc]

Slap on the wrist parking ticket.

AZPN restated 3 years worth of financials and is accused of fudging the numbers on purpose. The SEC accused them of fraudulently reporting revenues in order to meet analyst estimates.
http://www.highbeam.com/doc/1G1-146828898.html

The settlement? The SEC ordered them to hire a consultant to help with their financials going forward and didn't fine them one dime because the company fixed the financials on their own:
http://www.sec.gov/news/press/2007/2007-152.htm

They didn't even get a "slap on the wrist parking ticket." They got basically a warning. For 3 years of real accounting fraud that matters.

This is typical of a Tier 1 violation (though AZPN's case was clearly far worse than JBII's). Yet they got nothing. Despite false claims otherwise, SEC cases are designed protect investors -- not kill companies.