I assume you knew STLT was two years' delinquent with its filings? The company was breaking the law. The law in question is the Securities Exchange Act of 1934, known familiarly as the Exchange Act. It was aware of its obligations, and was in fact sent a delinquency letter at the end of September 2019. It did not respond.
If you want to be pissed off, you should be pissed off at the company, and at yourself. If the company didn't have the money to file, it should have filed a Form 15 to terminate registration voluntarily. I'd add that if it didn't have the money to file, why would anyone want to buy its stock? It isn't all THAT expensive.
Personally I think the SEC gets paid off by big money to ignore obvious toxic note pump and dump scams on a regular basis, and gets paid to kill off others that will not make deals with Toxic note people.
That is total bullshit. The SEC has in fact been doing a good deal to try to get the toxic funders out of the market in the last six years and more.
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