The SEC could care less about the "business". What they focus on is the publically traded entity KMAG and its disclosures, filings, etc. The reality is they will need a MM to come off the greys and NO MM is going to touch KMAG while it is under investigation, and the SEC can move at a snails pace....and in the meantime will say nothing. KMAG knows exactly why they were suspended, but they will not be able to discern the SEC's course of action for quite some time.