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Microcap & Penny Stocks : HITSGALORE.COM (HITT)
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To: Penny Stocks who wrote (2163)6/17/1999 2:14:00 PM
From: Janice Shell   of 7056
 
If HITT's (or whatever they were before) had broken the Securities and Exchange Act as you imply, wouldn't the SEC have suspended trading on the stock due to noncompliance?

Not necessarily. The SEC often moves at glacial speed. They began investigating MTEI, for example, months before they shut it down. In this case, they probably didn't know about the issues brought up by David Evans of Bloomberg, and by contributors to this board, until quite recently. They don't have the manpower or the funding to keep a close watch on thousands of BB stocks.
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