As for SEC, its people are too busy watching Internet porn.
Certinly they consider that more important than actions that protect retail investors.
How about SPPI this week?
. Raj (the CEO) knows full well that sales are toast in Dec. . Not making this public, he sells about $4M of stock end of Dec . After announcing the shortfall, he then holds a private CC with his bankers to explain the full story.
If the SEC had balls, Raj would be sized up for an orange jump suit.