Posted on 02/26/2021 1:52:58 PM PST by justlittleoleme
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.
"The SEC's recent suspensions of trading in nearly two dozen securities – including 15 today – are one facet of our ongoing efforts to police the market and protect investors," said Melissa Hodgman, Acting Director of the SEC's Division of Enforcement. "We proactively monitor for suspicious trading activity tied to stock promotions on social media, and act quickly to stop that trading when appropriate to safeguard the public interest. We also remind investors to exercise caution and do their diligence before investing generally, including in companies promoted on social media."
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); 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).
(Excerpt) Read more at sec.gov ...
Penny pump and dumps dont make money you say???
Guess again
“It is estimated that the defendants in this alleged scam cheated investors out of more than $60 million.”
One more thing
If you want to wonder about penny pump and dumps..there is an interesting “connected” name that was associated with the one I just posted. Was he duped or a willing participant in the fraud?
And that is all I will say on that topic for a variety of reasons.
These companies have been awol for a year. I don’t see any relation to this and recently shorted stocks in the news like GameStop. None of them are on the list.
“Stuff like this should help investors view of the stock market’s safety with our installed government / most likely a warning shot to investors of Gamestock. “
uh, huh ... it’s always just fine for the insiders to pump and dump with impunity, but the manipulation monopoly of the insiders has to be “protected” when the unwashed masses get together in PERFECTLY LEGAL investment clubs that threaten the insiders ...
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