That isn't close to being accurate - I have seen hundreds of SEC investigations - helped start many and the SEC complaint is civil - that is always how they start.
There wasn't a press release about the litigation - it was found through a court filing - which means the investigation is just beginning.
The SEC will turn this over to the Justice Department - where there will be criminal indictments - which always takes longer.
The SEC language in the complaint clearly shows that OWCP insiders were involved in the share selling scheme.
As I stated OWCP was created at a dinner at Friedland's house - so he was involved from the beginning.
Friedland was selling OWCP stock through September 2017.
There is at least $2.3 million dollars not accounted for in the complaint - we will find out how much made it back to the OWCP insiders.
Since Friedland just resigned from the Advisory Board - it is impossible to try and put the blame on "old management".