Grifco Inc (GFCI)

[jtomm]

10bag, could you clarify what you meant by this,

"The SEC may NOT suspend any security for the infraction of it's rules and lieing in press releases or putting out phoney press releases because they do not fall under the rules of the SEC.. those are legal maters for the courts"

I don't understand that. Maybe I'm reading it out of context.

My understanding is the SEC can go after anyone who is committing fraud via publicly traded securities, whether the company has filed 10-K's and 10-Q's or not.