I hate to point this out, but this isn't the first time in the last 2 years that Fleming has had an informal inquiry from the SEC. I can think of at least one other big one. I made some calls to the SEC and miracously the other inquiry has been closed.
I wonder why and how much that cost. This SEC thing won't be the end of Hansen, Dahlen or Thatcher. That is the bad news. I hope I am wrong and flmretail is right, but I don't see this having much impact at all.