"curious, though, why you think the SEC took so long?"
By SEC standards, anything faster than two or three years is positively precipitous.
In the case of some companies (Green Energy Resources, GRGR, being a case in point) it can take literally years for SEC to act, even when it was apparent to all but the meanest of intelligences that a scam was afoot (GRGR rescued the entire population of Northern Sweden in one of their classic PRs, and at an even earlier time claimed to have converted most of the Eastern seaboard into their private docks).
No matter how indignant folk got, and how many complaints were filed, it seemed the SEC would do nothing. Then GRGR made the mistake of trying to make hay out of the Gulf Disaster, and finally got suspended pretty much the same day.
Speedy actions like Supatcha (SAEI) are very much the exception.
In general SEC move very slowly, because they are extremely thorough in their investigations and they want to be sure they have reasonable grounds for suspension, which they recognise is a very serious step.
That's why those who claim that the suspension of LLEG was some kind of administrative error are doomed to disappointment.
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