Press Release SEC Suspends Trading in Multiple Issuers Based on Social Media and Trading Activity FOR IMMEDIATE RELEASE 2021-35 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. "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). The SEC also recently issued orders temporarily suspending trading in: Bangi Inc. (BNGI); Sylios Corp. (UNGS); Marathon Group Corp. (PDPR); Affinity Beverage Group Inc. (ABVG); All Grade Mining Inc. (HYII); and SpectraScience Inc. (SCIE). Each of these orders stated that the suspensions were due at least in part to questions about whether social media accounts have been attempting to artificially increase the companies' share price. Under the federal securities laws, the SEC can suspend trading in a stock for 10 days and generally prohibit a broker-dealer from soliciting investors to buy or sell the stock again until certain reporting requirements are met. The SEC's Office of Investor Education and Advocacy recently alerted investors to the significant risks of making investment decisions based on social media.
Investors who can only press the BUY button first will be very happy. Traders who can press either the BUY or SELL button first will be sad.
need to stop those idiots from hurting themselves, brokers should be more restrictive with new accounts,
they will eventually, for stock recommendations. The SEC needs to crackdown on those "forums" that are nothing more than frathouse for mewbies investors one guy on RH has his own Slack board where he charges $25 a month for thousands of idiots to exchange their ideas and their cheerleader exploits
So in general you're not even putting together comprehensible sentences, so we can only assume you are a bot or drunk. But more importantly to the whole "sue the SEC" crowd, one of these names caught my eye because I vaguely remember the company going out of business several years ago, HLXW. So I did a little digging and in fact in 2011 they did sell all their assets to another company and closed up shop. Since 2011 the company has had no employees, no assets, filed no reports with the SEC.....in short the company hasn't existed for a decade! And yet it had a market cap of $1.9M prior to the SEC shutting down trading. Are you, and @gkishot and @comagnum (apt name, btw) who mindlessly upvoted you, really saying the SEC are the bad guys here and the assholes who are pumping and dumping a stock for a company that literally hasn't existed for a decade are the good guys? I guess because "'gumbnt bad", amiright? Unbelievable!