Plastic2Oil Inc (PTOI)

[BigBake1]

Actually that is not correct, the SEC recently changed policies concerning no longer settling for Neither Admitting or Denying the charges. They will now go for Guilt in these cases, so to try to compare either case is complete garbage as the SEC policy has in fact changed concerning findings. The whole point of settlement was to avoid the lengthy process and fees, the SEC doesn’t have unlimited funds at their disposal, nor do they have unlimited resources to task to each case. So the same argument that is being used that certain clients do not have “deep pockets” can be said about the SEC, as they do not have “deep pockets” either.

http://articles.washingtonpost.com/2013-06-18/business/40050387_1_defendants-citigroup-misconduct

Point being the SEC had a policy to not go for guilt, but instead went with a policy that ensured a higher rate of winning cases by not admitting guilt yet still collecting fines and handing out bans.

It is clear the SEC didnt have the evidence needed to win this particular case, unlike JB and JBII, which clearly there was plenty of evidence but the policy at that time was to achieve a settlement. The difference being that JB and JBII still had the opportunity to go to court and they chose instead to settle without admission or denial because that was the SEC policy at that time.