The SEC claims that NSS has never existed, but consider this!
If thats true why have they missed Billions of CMKX sales, because even the legal shares at that point in time were illegal when they were sold to us by our brokers.
Not knowing something doesn't make it legal to do.
The SEC has zero authority to prevent a crime, till its too LATE! There is something very wrong with this!
Since the SEC had reasonable information that a crime was being commited, they should have the ability to stop the sales of a stock such as CMKX, till the other party can prove in court that this is false. In fact when it involves thousands of people and millions of dollars a different way of dealing with these types of crimes needs be introduced.
How many other companies pulled this SCAM and because the shareholders never stood their ground nothing was done ?