The SEC works closely w FINRA, and could of easily had them permanently halt it.
Not really. When, exactly, have you seen that happen? I never have, and I've been following SEC suspensions for a very long time.
The SEC can, by law, suspend trading in an issue for ten days, no more. The stock then resumes trading on the Grey Market, as this one has done.
It's a suspension story just like every other suspension story.