We could dance around the semantics of the SEC action all day, and there would still be two opinions on this board. If everyone would simply use some common sense, it is apparent that this involves more than the SEC asking a few questions.
The action that was taken against LLEG was harsh, no question about it. If they only had a few questions, they would have been asked and answered, and the public would never have known. In order for the SEC to take the action that they did, their investigation would have had to turn up substantial evidence against LLEG.
This does not mean that LLEG cannot rebound from this--but it does mean that there is substantial evidence against them. The SEC does not suspend a stock on questions, I think any reasonably intelligent person can figure that out. Whether they are willing to admit it however, is a different story.
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