It sounded like Sutton Resources was in big trouble with the Securities and Exchange Commission. In a Nov. 23, 2010, administrative complaint, the SEC alleged that the Canadian-based mining and exploration company had failed to file key reports with the agency.
According to the SEC’s Enforcement Division, Sutton “repeatedly failed to meet their obligations to file timely periodic reports, and failed to heed delinquency letters sent to them by the Division of Corporation Finance.”
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