I'm pretty sure I know the answer, but nothing seems to be happening with it thus far. There are a few people I know who make tons of alts, hatch dragon eggs and obtain the 11 morph crystals from pet parade. SO when we see level 11's over and over again hatching pets should we begin reporting them? Or are you guys going to suggest to R2 to make it like the GMUTs and pet a level restriction on it?

I would suggest reporting it, as well as suggesting in the RT/Suggestions thread that there be a level restriction on it. I'll poke a gm possibly to get their input here

Please report players you suspect of event abuse. We have been collecting names of players and banning accounts as necessary.

Alt accounts CANNOT participate in events.

and the main account theyre feeding if we know who it is, we should report them as well?

If you have any suspicions please report them using http://www.aeriagames.com/contact/support and select report behavior

It is very easy to see who is abusing the events when looking at the game log and is NOT worth the ban on your account.