All the SEC said officially that there was not sufficient information available regarding the security.
They also mentioned "assertions in third-party press releases" and "among other things". I'd say they'll be looking at those who issued those information releases and whether they were trading on that misinformation.
They could take action against those who published news reports without spelling out that BLOAQ was a bankrupt shell company. DISH news belonged to DISH. What I read (granted I knew from my own DD), is that they intentionally tried to say DISH and BLOAQ were rising together like they were the same thing.
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