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Gotham Bay Group

03/06/23 11:20 AM

#289542 RE: Harley16 #289536

The returns only mean that they can not be argued as a current reason for lack of transparency. But yes, the length of time here is a big deal. If DBMM was a threat to investors, then the time involved here is unacceptable. There is also a provision within the rules that SEC has to prove that DBMM is a greater threat to future investors, so therefore, it can sacrifice existing investors thru revocation to save any future harm.
This is now difficult to prove. Obviously, SEC can do what it wants, but once this sees a higher authority, it would likely be dismissed, same as ALJ did. A lot of conjecture since SEC has the control, but time will tell.