Replies to post #109790 on Southridge Enterprises Inc (SRGE)

[HappiTrader]

No you can't sue SEC because they keep
these investigations confidential. They do this
to protect the company and it's shareholders in
case they decide not to suspend. If it was made
public it could be detrimental to the company and
it's shareholders. If U go to their web site
they explain all of these rules or ask Terry or
janice to post their rules. Good Luck!

[tdbowieknife]

I don't think that would fly...


Why couldn’t the SEC forewarn investors that it was about to suspend trading in a stock?

The SEC cannot announce that it’s working on a suspension. We conduct this work confidentially to maintain the effectiveness of any related investigation we may be conducting. Confidentiality also protects a company and its shareholders if the SEC ultimately decides not to issue a trading suspension. The SEC is mindful of the seriousness of suspensions, and carefully considers whether it is in the public interest and for the protection of investors to order a trading suspensions.

http://www.sec.gov/investor/alerts/tradingsuspensions.pdf

[rjbluesky]

No need to sue the SEC even though that would be fun but suing a government agency is a waste of time. The market WILL KNOW WHETHER SRGE actually owns those GOLD/SILVER mining locations and the stock price will correct if the market determines that is the case.