Bill before you praise the SEC to the heavens, how about first talking with them and then after you find out all the answers to your questions, THEN come back here and tell me how wrong I am.
Getting a phone call returned is not surprising at all, watch any "cop show" on T.V. the detectives are supposed to follow up every lead, are they not?.
Getting information OUT of them will be an exercise in futility. ALL they will do is look to incriminate the caller, and/or the company and/or any brokers or advisors of a stock. They (the SEC) are NOT paid to give you information. They are NOT your friend.
TO ALL: Remember, that an investor not being a lawyer or accountant familiar with dealing with these types of SEC investigations, that AT BEST you are wasting your time, and at worst you can fan the fires of the investigation. There is NOTHING an investor can learn by calling that he can't get from reading the posts here on this thread, and unfortunately, there is potentially -- DAMAGE to the stock, the company or yourself, by putting foot-in-mouth (g)
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Even answering a simple question like "why did you buy this stock" is meant to find out if the caller violated any laws, or your broker or others violated any laws.
There are NO innocent question that the SEC will ask you. EVERY question is meant to efficiently extract incriminating evidence (if any exists) from the caller. NO worthwhile information is ever given out -- EVEN WHEN YOU ARE THE PARTY THAT TURNED EVIDENCE IN AND STARTED AN INVESTIGATION. The SEC offers the public caller NOTHING, that's just the way it works!
Colin |
