The IRS and SEC may be involved in the discovery phase of the class action lawsuit, and that's it. Just called in to review a few things. Definitely no investigation. Or else they would report it and so would EBIX. Is it that simple folks? Yes, it is. And Sam Antar is telling his contacts in the media and Danny "Section 8" Yu otherwise. That is what is going on here folks. I hope the fraudster that is Sam Antar goes down for this. You would have thought he learned his lesson the last time he was convicted as a felon for securities fraud.
When you say "Definitely no investigation. Or else they would report it and so would EBIX.", you do know that the SEC virtually never announces the commencement of an investigation nor will they confirm one, right? At the conclusion, if there's a settlement or a civil or criminal complaint, that will be announced. As far as the company quickly announcing an investigation, it would be nice if they did, but it's apparently not a requirement. MCP waited three months to publicly announce that they had been notified they were under SEC investigation.