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Renee

06/16/16 9:41 PM

#2490 RE: buccaneer1961 #2489

TEXX is not being alleged to have committed any of those infractions.

If you're referring to another stock the SEC frequently acts in concert with the DOJ or FBI, and with FINRA. When the SEC has collated incontrovertible evidence they will then litigate against the company and any complicit principals. That can take as little as a few days to months, sometimes years.

The SEC doesn't advise the public of any actions they intend to take, so there is no particular timeline to follow.