thats not true. if they dont find any wrong doings, does not mean they are approved to run their business. they just woudnt have enough evidence to build a case against them. they have a limited area they work in, hence they cannot approve something
its not like its the only agency looking at this anyway
"Is PayCoin on the verge of being APPROVED by the SEC?" - MrCoins
he worded it like this
ps: did SEC approve berney madoffs business when he was first investigated?
Yeah he's just doing his circular talk, confusing the weak minded at HT and putting a positive spin on things. Can't believe he ruined his reputation over such a throwaway coin.