InvestorsHub Logo
Followers 13
Posts 1725
Boards Moderated 0
Alias Born 03/25/2012

Re: RussTheBus post# 162671

Tuesday, 08/20/2013 2:39:17 PM

Tuesday, August 20, 2013 2:39:17 PM

Post# of 232508
You did not look close enough. The 10 day suspension is the most severe suspension that the SEC can issue. So there you have it. Now all we need to do is sit back and watch this KMAG grape wither up and die on the GRAY vine.


Section 12(k) of the act
TRADING SUSPENSIONS; EMERGENCY AUTHORITY.—
TRADING SUSPENSIONS.—If in its opinion the public interest and the protection of investors so require, the Commission is authorized by order—
(A) summarily to suspend trading in any security
for a period not exceeding 10 business days