Now allegations come out and it sounds like everything we knew or thought we know don’t mean anything anymore. Isn’t that strange?
Please read TMF1000’s post on the RB:BOFI board. He paints what are SEC filings, vetted by various government organizations versus the lawsuits.
http://discussion.fool.com/1069/same-o-same-o-32205786.aspx
There is no comparison with “shady Chinese” companies as BOFI is regulated and does business here in the United States.
In short investing in small financial companies is tough as they can be easily manipulated and I would not fault anyone for selling or staying away. Those who inclined to take the risk are hopefully rewarded with great upside.
Sincerely,
Charlie