Posted by: youngragingbull | June 3, 2013

SEC suspends trading of 61 microcaps

The Securities and Exchange Commission on Monday suspended trading of 61 microcap shell companies that the agency said were “ripe for fraud.”

The SEC said the thinly-traded companies have great potential to be “hijacked” by fraudsters who will falsely hype the stock to portray it as a thriving company in “pump and dump” schemes.

Click here for the list of firms suspended.



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


%d bloggers like this: