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Re: belleso post# 109790

Tuesday, 01/01/2013 12:01:31 AM

Tuesday, January 01, 2013 12:01:31 AM

Post# of 167996
I don't think that would fly...


Why couldn’t the SEC forewarn investors that it was about to suspend trading in a stock?

The SEC cannot announce that it’s working on a suspension. We conduct this work confidentially to maintain the effectiveness of any related investigation we may be conducting. Confidentiality also protects a company and its shareholders if the SEC ultimately decides not to issue a trading suspension. The SEC is mindful of the seriousness of suspensions, and carefully considers whether it is in the public interest and for the protection of investors to order a trading suspensions.

http://www.sec.gov/investor/alerts/tradingsuspensions.pdf


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