Generally stockholders file complaints to SEC like the Biel issue may lead you to believe. So what precipitated the investigation? The ongoing witch hunt for small cap penny stocks. Lets see if SEC files civil charges? At this point there is no judge or jury only an adminisitrative hearing.
Are-there-judges-and-lawyers-involved-Semantics-are-irrelevent Implications are significant for the companies leadership. This is not a traffic ticket... more like an accident with damages that might exceed any liability coverage available and as well possible incarceration of the defendants.
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