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Chapter 1. Sages and Charlatans: Avoidin... > Red Flag 12: The SEC Launches a Full...

Red Flag 12: The SEC Launches a Full-Scale Probe into Possible Securities Fraud

Given that the authorities are often late on the scene—well after others have suspected that the books are being cooked—this red flag is a bit like the shark warning sign that is put up when you have already waded into deep water. Companies do survive investigations by the SEC, Congress, and the Department of Justice; however, a securities fraud probe usually takes many months (if not years), and during this time, the company’s shares may not see any gains.


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