SEC HAS A RATIONAL REASON TO INVESTIGATE AVEO FOR FRAUD
If CEO I knows some extremely important issue that FDA told him , why he did not tell that to the shareholders? Not disclosing material info to shareholders is a severe violation of SEC rules. In this case CEO refused to disclose material information for more than a year ans as result caused 80% crash of shareholder value. This is a pure fraud and SEC should start investigation by a PR.