Replies to post #98063 on Laidlaw Energy Group, Inc.(fka LLEG)

[TenKay]

Could've happened to LLEG.

Of course it could. You need to read what I said again. In fact it may be likely.

The point is they do not suspend based solely on a complaint. They do their own investigation. Their decisions are based on what THEY find regardless of how that interest is triggered.

The pure folly would be to suggest that they got a "complaint" or ten and said "wow, we better suspend to see if there is anything to these complaints".

That is not how it works.

[DragonBear]

Could've happened to LLEG. The SEC does

If the entirety of the SEC suspension revolves around 5-6 outdated Webpages, why wouldn't LLEG management announce just that? If it were something that trivial, why wouldn't LLEG managment be rushing the week after suspension to put out a PR for instant damage control? It didn't happen did it? The SEC can not forbid LLEG management from releasing a transparent and truthful explaination.

The SEC funding is being challenged in Congress. But the challenge is not based on the nickels and dimes to catch every last piece of fraud in microcap stocks. Their budget battles will be won or lost with the brokerage lobbyist efforts to repeal or at least defund the anemic Dodd-Frank regulation. Cracking down on 17 microcaps just isn't going to affect their future funding to oversee the OTC derivative market.

Yes a concerned citizen or whistle blower offering to meet with the SEC with proof of fraud would receive attention. Anything less will go nowhere.

What we do know is the SEC has set up a working group to track microcap stocks. We also know the SEC has the software, and computers to track every stock which trades. Not only the PPS flucuations, along with volume, but correlation with the last time it made a SEC filing. There are many search keys in a database. Don't blame the interest of the SEC on 2-10 tipsters. Instead blame it on some evil SEC compooter sending up a flag for a company already on a SEC watchlist.