Replies to post #122244 on Plastic2Oil Inc (PTOI)

[Rawnoc]

The stickys are reserved for material events. $50,000 Tier 1 violation isn't material. It's a parking ticket.

"The potential enforcement action generally has three penalty tiers, Goldman said. The first and lowest tier applies to violations that don´t involve fraud or substantial investor losses and carries fines of $50,000 per violation. The second tier applies to violations that include fraud, deceit or deliberate disregard of regulatory requirements but without significant shareholder losses and carries fines of $250,000 per violation."

http://www.globaltirenews.com/headlines2.html?id=1124915411


"...The commission has adopted ``a new ethos about penalties,'' based on the concern that ``savaging'' companies with fines amounts to punishing their investors, he said."

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aJKCRZoXEz7I