"NIR and Ribotsky look forward to defending these allegations in court. " Oh I bet his attorneys are really looking forward to it! Bet they will ask for a huge retainer upfront in CASH! No Promissory Notes for them! "a fund that had in excess of $800 million in total assets in addition to tens of millions of dollars of fees paid to NIR. " Well I think we all understand the definition of "ASSETS" when it comes to pennystocks! Most don't exist! Has this investigation been completed yet? the SEC will be like pitbulls now that they got the scent - as Scion has called it - The Scent of A Scam. http://blogs.wsj.com/law/2011/06/15/sec-probes-merrill-lynch/ http://www.forbes.com/sites/streettalk/2010/07/09/convicted-analyst-points-finger-at-nir-group-founder-ribotsky/