i can not tell you how the sec arrived at this list, but it in all likelyhood is random. there have been instances of tie- ins but those usually revolve around something in common like promoters or officers or attorneys. this list appears to be random. however, don't underestimate the power of ihub users. many, many people know how to file legitimate complaints without them ending up in the waste bin.
Market Data 
Markets 
AI
