Polar Petroleum Corp. (POLR)

[DragonBear]

Is POLAR automaticly guilty by the SEC??????

It was a third party ..

Where POLR management engaged that 3rd party promotion (probably paying for it) while management and affiliates dumped. The SEC will not currently suspend a company because some 3rd party independent of insiders is promoting it.

The SEC will suspend a stock when it believes it has evidence to file later litigation against company management. The usual end result is management agreeing to disgorgement of ill-begotten gains (stock promotions), additional fines, and agreeing to be barred from the market. In return they do not have to admit guilt. The SEC litigation, and subsequent proposed remedy is submitted to a civil court for approval.

In between times it's a process, where the company lawyers are negotiating with the SEC on final fines, and disgorgement.

The halt notice comes just four months after Polar Petroleum started calling itself an oil and gas company

And the stock promotional games management apparently was part of.