Re: Cep
An informal investigation can be initiated by a regional office of the S.E.C. and does not give the agency the power to subpoena documents or testimony. A formal one must be approved by the commission in Washington and carries subpoena power.
Let's hope we don't get to the subpoena stage, but both types of investigations are serious.
As the SEC has indicated they may be contacting CEP members, one of the issues they may have is whether CEP has misled their members or investors.
If members who are contacted can honestly say they have not been misled, that could help. But it's probably more involved than just that.
HeyJude
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