Posted On: 03/19/2014 12:15:13 PM
Post# of 36729
No such inference can be drawn, unfortunately. SEC imposed maximum 10-day suspension. SEC lacks federal authority to suspend any publicly traded stock from trading longer than 10 days for the same issue(s). Investigation and litigation by SEC, pursuant to suspension, have no time limit.
SEC Trading Suspensions to Protect Investors
The Securities and Exchange Commission (SEC) is authorized under federal law to suspend trading in any stock for a period of up to 10 business days. The SEC issues a suspension when it believes that the investing public may be at risk. Many factors influence the SEC’s decision.
SEC Trading Suspensions to Protect Investors
The Securities and Exchange Commission (SEC) is authorized under federal law to suspend trading in any stock for a period of up to 10 business days. The SEC issues a suspension when it believes that the investing public may be at risk. Many factors influence the SEC’s decision.
Trading suspension
A trading suspension occurs when the United States Securities and Exchange Commission (SEC) stops trading for a specific security because of "serious questions (... ) about a company’s assets, operations, or other financial information."
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