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lirty mutual insurance. >>> very quickly before go, joining us on the phone with more of the potentialthe possibility that the sec is investigating the company. tom gorman is an sec lawyer. the company says they haven't heard from the sec, but t"the wall street journal" says they are investigating. is that possible they wouldn't tell them? >> well, the company will certainly find out they're been investigated, but my guess would be that the sec's conducting what's called a preliminary investigation. it's a very preliminary look at what the facts is that probably taking a look at the filings and the some point, they'll contact the company for some basic information. >> so, based on what we know now, which is little and we're talking hypothetically, what could the fallout look like? >> depends on what the sec find, but eventually, if they find that the company for example should have made a filing, and disclosed this information, then they would probably enter into some sort of a settle m where the company would make the filing and there would be a fine for not making it. if they don't f

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