maybe. but i will say this. for the SEC to be so lax all those years and to just finally now start cracking the whip on some of these, likely means, that their negligence is being called out. Very interested to see how all the XRP ripple stuff plays out with SEC but i think anyone who was allowed to buy SEC delinquent stocks and lost money based on the SEC suspensions--could make a case against the SEC for losses incurred.
They could probably sue the SEC for negligence. im not a lawyer but im sure someone could make that case, especially if the SEC was well aware of a number of 'delinquent' stocks and continued to allow them to trade only to suspend them because they began trading at "higher prices" or on "unusual volume"
the SEC has no say in "unusual volume" unless it violates INSIDER trading rules.
at the end of the day, the SEC put out a new release in Sept 2020 mentioning various changes to OTC markets going forward, most notably for stocks to get PINK CURRENT, so if they suspended any stocks that were moving on volume that could have been on their way to becoming Pink Current sometime in 2021, that opens up another can of worms.
pre-emptive strikes?? i dunno. but the stocks that they suspended based on "social media" is pretty sad and pathetic only to mention that, oh by the way, some were "delinquent" on their SEC filings, even though some have been delinquent for YEARS.
should be a very interesting rest of 2021
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