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On February 26, 2021, the Securities and Exchange Commission (SEC) issued an order that suspended the trading of securities in 15 OTC public companies due to questionable trading activity and social media promotions that the SEC suspects to have been part of a coordinated attempt to artificially inflate stock prices.
The 15 companies include: Bebida Beverage Co. (BBDA), Blue Sphere Corporation (BLSP), Ehouse Global Inc. (EHOS), Eventure Interactive Inc. (EVTI), Eyes on the Go Inc. (AXCG), Green Energy Enterprises Inc. (GYOG), Helix Wind Corp. (HLXW), International Power Group Ltd. (IPWG), Marani Brands Inc. (MRIB), MediaTechnics Corp. (MEDT), Net Talk.com Inc. (NTLK), Patten Energy Solutions Group Inc. (PTTN), PTA Holdings Inc. (PTAH), Universal Apparel & Textile Company (DKGR), and Wisdom Homes of America Inc. (WOFA).
SEC appears to ban trading in any public stock that might earn profits for small investors naturalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalnews.com Daily Mail and Mail on Sunday newspapers.
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 filed any information with the SEC or OTC Markets, where the companies’ securities are quoted, for over a year. As a result, the SEC suspended trading in the securities of: Bebida Beverage Co. (BBDA); Blue Sphere Corporation (BLSP); Ehouse Global Inc. (EHOS); Eventure Interactive Inc. (EVTI); Eyes on the Go Inc. (AXCG); Green Energy Enterprises Inc. (GYOG); Helix Wind Corp. (HLXW); Internationa
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 market and trading data to identify other securities where the public interest and the protection of investors require trading suspensions.
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 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. In enforcing the suspension, the SEC referred to federal securities laws, according to which the SEC can suspend trading in a stock for 10 days and generally prohibit a broker-dealer from soliciting investors t