I think there is a perception disconnect when the SEC uses the word ' questions '. One might only understand the magnitude of that word by reading hundreds of other SEC Suspensions that also used that word. The stock market cemetary is full of stocks that were interrogated by the SEC's questions and which were eventually revoked for not adequately satisfying those questions. When the SEC charges a company the public then knows the specific accusations that were once posed as questions in the original suspension.
The SEC's questions about Laidlaw in the Suspension were clear as mud to the public but they were a crystal clear indictment to Laidlaw.
With the SEC there is a stock market presumption of guilt when a stock is suspended by the SEC or is halted under T-12 by Finra or the National Exchanges. Of course there is supposed to be a presumption of innocence but the markets are intolerant to even the whiff of Securities Violations and even moreso to stocks that are in the crosshairs of the Regulator's litigation sights.
The SEC rarely loses against National Market stocks, and with one exception out of thousands the SEC never loses against OTC or OTCBB stocks.
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