News Focus
News Focus
icon url

janice shell

05/11/13 9:28 PM

#155816 RE: Edwina53 #155815

However, it is apparent that companies that have major or fraudulent problems are being promply delt with by the SEC, not waiting months or years to take action.

If what you're following is, as you say, "newly suspended stocks", that would give you no idea what might happen down the road.

The delinquent filers you describe have their registration revoked, and disappear. It seems the SEC often believes suspension is punishment enough for for some issues. But there are a number of cases in which they've gone after the company much later. EIGH is one example: it was suspended in early November 2010, and sued by the SEC in late September 2012.
icon url

malibu4u

05/12/13 12:04 AM

#155828 RE: Edwina53 #155815

Exactly Edwina! Eight months is way more time than the SEC requires to take action on a suspended stock. If there was a hint of a problem SEC and FINRA would have never allowed Jeff to trade
TRI* and would have taken criminal action. SEC quickly realized that they had been taken for a ride by MMG scammers.

KMAG long and strong!