I don't think the SEC gets involved on a whim. Usually it is complaints that motivates them to begin an investigation. If the complaint/investigation results in findings, they are then in a catch 22 situation. It is kind of like someone that is accused of child abuse. They have to take the safe route to protect the abused (either investors or the child), with a restraining order and continue the investigation. They can not reveal any facts of what they have determined, in order to prevent the perpetrator from taking steps to cover up their transgressions.
If a company is clean (or the child abuser), they can take steps to continue their existence as before. It is somewhat compelling that there are a very small percentage of companies targeted by the SEC, that ever again go thru the process of filing the necessary forms to trade on one of the exchanges again. (I think I read somewhere it was like 2 or 3 out of all those halted on the OTC). That tells me, that SEC investigations and halts are for reasons that warrant the actions taken. Do a little DD on how many OTC companies halted ever return. If they are clean, all they have to do is file a 15c-211 to begin trading on the pinks (or where ever they traded before). With all the evidence of the correctness of their halts, it makes me wonder why everyone boohoos the SEC for doing their job. I can understand the bitterness of those that lose money because of the halt. But, rather than accept that they have been duped, they complain about the SEC. In other words, the SEC becomes the scape goat for their own carelessness and lack of caution while chasing the rainbow. It would pi$$ me off more that I was so stupid or that the scammers were such good liars. But, everyone has their own way to cope I guess. Imagine what it would be like if there were no constraints. All I can say is, I remember a time when it was wilder and way woolier in this market, and I like it better now. My first trade via a telephone broker cost me $3600 in less than 48 hours. Blinder Robinson, if you go back that far. The stock was Blinder International. They used to call them "Blind'em and Bleed'em". Those were the days. Lots of money to be made though if you got the right broker.
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