Replies to post #112029 on KMA Global Solutions International (KMAG)

[lucky, mydog]

most often( and not that often) a company will get a "no action" letter which states that the sec is not going to persue further enforcement action at this time.

[berdboy]

KMAG we got money and we got time...

[janice shell]

But I would note that it generally takes many many years to get to that point and usually a company has to fight to get the SEC to state that an investigation is complete and nothing was found.

Usually the best they can get is a No Action letter. That only means the SEC won't bring a further enforcement action. It's not really an exoneration.

And getting a No Action Letter isn't easy.