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FEB 2021: SEC Suspends Trading in Multiple Issuers Based on Social Media and Trading Activity Posted on 02/27/2021 The U.S. Securities and Exchange Commission today suspended trading in the securities of 15 companies because of questionable trading and social media activity. The press release states, “Today’s order states that trading is being suspended because of questions about recent increased activity and volatility in the trading of these issuers, as well as the influence of certain social media accounts on that trading activity. The order also states that none of the issuers has fil...

The Securities and Exchange Commission on Friday said it temporarily halted trading in the companies due to concerns that their stock prices were artificially inflated due to social media promotion.

FOR IMMEDIATE RELEASE Washington D.C., Feb. 26, 2021 — As part of its continuing effort to respond to potential attempts to exploit investors during the recent market volatility, the Securities and Exchange Commission today suspended trading in the securities of 15 companies because of questionable trading and social media activity. Today's action follows the recent suspensions of the securities of numerous other issuers, many of which may also have been targets of apparent social media attempts to artificially inflate their stock price. The SEC continues to review marke...

by Tyler Durden Friday, Feb 26, 2021 - 03:26 PM Two weeks ago we said that the regulatory crackdown against WallStreetBets had begun when the SEC suspended trading in pennystock Spectra Science (SCIE). Well, today we got the clearest confirmation yet that the SEC will do everything in its power to make sure that are no more Melvin Capitals and will seek to put a resolute end to the reddit bull raids when it announced that it "suspended trading in the securities of 15 companies because of questionable trading and social media activity." Today's order states that trading is being suspended beca...

Article content (Bloomberg) — U.S. regulators are engaging in the stock market’s version of whack-a-mole — racing to suspend shares of companies with dubious prospects that have been hyped to the moon on social media. In a Friday statement, the Securities and Exchange Commission said it temporarily halted trading in 15 companies due to concerns that their stock prices were artificially inflated. One of the companies, a penny stock called Blue Sphere Corp., was recently highlighted in a Bloomberg News story after spiking in value following a barrage of posts on online message boards. We ...