Same letter I recieved, but notice the first paragraph is different. Perhaps there is just a BIT of a personal touch to these things?
SEC Response - File HO1321884
This will confirm that your March 19, 2009 email to Chairman Mary L. Schapiro has been forwarded to our office for review and response. You experessed concern that Sirius XM Satellite Radio, Inc. stock is being manipulated. We are taking your complaint very seriously, and have referred it to the appropriate people within the SEC.
Please understand that the SEC conducts its investigations on a confidential basis and neither confirms nor denies the existence of an investigation unless we bring charges against someone involved. We do this to protect the integrity and effectiveness of our investigative process and to preserve the privacy of the individuals and entities involved. As a result, we will not be able to provide you with any future updates on the status of your complaint or of any pending SEC investigation.
Below is a flyer that describes our policy as it will apply to your complaint. Please contact Cecelia R. Howell, a member of my staff, at (202) 551-6343 if you have other questions.
Sincerely,
Gloria Smith-Hill
Branch Chief
Office of Investor Education and Advocacy U.S. Securities and Exchange Commission
(202) 551-6343
INFORMATION ABOUT SEC INVESTIGATIONS
Each year, thousands of investors ask the Securities and Exchange Commission to investigate the activities of other investors, financial professionals, corporations, brokerage firms, investment companies, stock exchanges, and others. These complaints generally suggest some impropriety or misconduct and sometimes make a plea to the SEC for direct assistance in resolving a grievance.
The SEC has the authority to investigate whether violations of the federal securities laws have occurred, and we make every effort to evaluate promptly and thoroughly the information provided by investors. But we cannot investigate every investor complaint. While many investor complaints do lead to full investigations and, if appropriate, to enforcement actions, we cannot guarantee that our review will lead to further investigation or that the SEC will take any legal action.
We also cannot provide you with updates on the status of your complaint or your request for an investigation. The SEC conducts investigations confidentially for two main reasons. First, we can conduct investigations more effectively if they are not announced publicly. For instance, important documents and evidence can be destroyed quickly if people hear of an investigation. Second, we keep our investigations confidential to protect the reputations of companies and individuals if we find no wrongdoing or decide we cannot bring a successful action against them. The SEC will not confirm or deny the existence of an investigation unless, and until, it becomes a matter of public record as the result of a court action or administrative proceeding.
When there is proof that someone has violated the securities laws, the sanctions may include financial penalties, orders to surrender profits, cease and desist orders, or an injunction by a court to prevent further violations. The SEC may also bar individuals from working for a securities firm, investment adviser, or investment company. We can also ask a federal court to bar individuals from being officers and directors of publicly held companies. In some situations, we may refer a case to the Department of Justice for possible criminal prosecution.
The SEC publishes news releases about its lawsuits and administrative actions, and the news media often report on them. You can read and download the SEC’s “Enforcement Actions” on our website at http://www.sec.gov/divisions/enforce...eactions.shtml. Or you can obtain hard copies by reviewing “How to Request Public Documents” at:
http://www.sec.gov/answers/publicdocs.htm
Or
Submit a written request to:
U.S. Securities and Exchange Commission
Office of Investor Education and Advocacy 100 F Street N.E.
Washington, DC 20549-021
Fax: (202) 772-9295
Phone: (202) 551-8090
SIRIUS XM SATELLITE RADIO FORUM
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Originally Posted by SiriusXMInvestor
