I disagree. The SEC does some investigation before they ever suspend trading on a stock. They consider suspension as a drastic measure. I doubt the SEC has audited MLON's books yet. The feds may have informally asked for supporting info to back up all previous claims and associations. When they couldn't do so, the SEC initiated a formal investigation.
BTW, the SEC does trading suspensions. Exchanges are the ones which do halts and delays.
Buckey. So you're saying??? MLON won't be halted because it is so clear to the SEC that it is a scam? Isn't the SEC supposed to protect investors from scams? Wouldn't it make sense for the SEC to halt trading Monday morning if MLON is an obvious scam? I'm wondering what to think if MLON is allowed to continue trading Monday morning. That would indicate to me that MLON must be legit, or at least not enough of a scam to justify a trading halt by the SEC.
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