Doubt SEC could do squat. I don't think what they are doing is illegal. I've seen very illegal trading on other stocks and SEC never did squat and these were high profile stocks dealing with serious court issues. SEC was informed by many investors over a decent period of time yet nothing happens. They just look for a 'rat' as that case is easier to get a conviction. It's all about the 'guilty' win as it's a positive stat on the books. I've personally seen a DA go after someone, get the conviction and 3 weeks later while looking to appeal the person was charged under the wrong thing. 3 judges and 7 lawyers including the PD all saw the paperwork yet some intern looking for appealable info said 'Hey, they were charged under the wrong thing'?!? CASE DISMISSED 3 weeks after felony conviction.
Did the DA go after the person with the right charge, NO they didn't as they got a conviction on record, the overturn 3 weeks later isn't on the same stat sheet when looking for the next office position. There was also the chance that the defendent would put up a defense and use a judge instead of a jury. Judges follow THE LAW buy jury's can be influenced. I'll never serve on a jury with what I know as I'll tell the judge and lawyers the story I know and I can promise you that if I'm not 100% sure of guilt or if other jurors try to persuade, I'll see them (juror) get charged and the case will probably be a mistrial at best for DA. Sorry for the rant, but some things I've seen and know about just makes me go HUH?!?
