Replies to post #42374 on Fortitude Group, Inc. (FRTD)

[QServus]

The SEC did NOT contact in any form before the suspension, there was no Due Process.

There never is.

AS PER SEC:

The SEC cannot announce that it’s working on a
suspension. We conduct this work confidentially to
maintain the effectiveness of any related investigation
we may be conducting. Confidentiality also protects
a company and its shareholders if the SEC ultimately
decides not to issue a trading suspension. The SEC
is mindful of the seriousness of suspensions, and
carefully considers whether it is in the public interest
and for the protection of investors to order a trading
suspension.

Parilla has been a naughty naughty boy

lol

[captainmath]

I've been reading some interesting articles on the sweeping powers of the SEC. It seems they don't need to have any findings based on any records to do a 10 day suspension! FRTD$
http://caselaw.lp.findlaw.com/cgi-bin/getcase.pl?navby=volpage&court=us&vol=436&page=117