Replies to post #59862 on Bangi Inc (BNGI)

[StarGazer13]

SEC is only trying to help themselves, not shareholders.

Chances are they make big money on the filings to keep a company current. This is incentive for the companies to do so, keeping their stocks locked up.

All stocks run on the hopes of the investor to catch it before news, so the run is not really the problem it’s the not keeping current, just my thoughts.

[Renee]

I see this type of response on many SEC Suspensions, that it is the SEC's fault for harming investors.

On the SEC's website the SEC declares that they only suspend a stock under "questions...." when incontrovertible evidence exists that securities violations occurred and would continue to occur if the SEC did not intervene with a Suspension.

As in the physical world where criminals are caught and jailed the Law protects all other citizens from that criminal, but the Law could not protect those who were originally harmed by that criminal. So too the SEC cannot protect the holding shareholders of an SEC Suspended stock, but when there would be many more victims if the SEC did not suspend a stock alleged to have committed securities violations the SEC can only protect potential shareholders from buying that stock.

The blame belongs to the suspended company and complicit persons who perpetrated frauds that compelled the SEC to suspend the stock.