It’s not an easy or quick effort. They are not required filers and are safe harbour protected. Most likely the regulators will do absolutely nothing and go after bigger fish. Pinkyland CEO’s know that fact well and scam accordingly.
What happened here is quite egregious and may trigger a look if enough investors clearly report their views and related damage. The wheels of justice move slowly but they can move with the right information.
Most investors don’t follow up though. I was successful in part because I had saved all personal correspondence I had with the CEO’s and a couple of board members. Their own words and volume of similar input eventually got them sanctioned.
In actuality the fines are meaningless to them as the rewards of the scamming is much greater. It’s just an expense to them but it does raise investor awareness if one looks deep enough and decides from there.
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