Regulators shut down trading in nearly 400 microcap stocks today, in one of the SEC's biggest...


Regulators shut down trading in nearly 400 microcap stocks today, in one of the SEC's biggest efforts yet to crack down on potential fraudsters using "pump and dump" tactics before they occur. The crackdown is a big move for the SEC as it attempts to sort through nearly 3000 companies on the OTC Pink Sheets that provide no financial information, especially when you consider that they generally suspend only a few companies every couple of weeks or so.

Comments (5)
  • Canary Cash
    , contributor
    Comments (470) | Send Message
     
    Just another way to move money into the averages :) Gotta do what you can when Ma & Pa are on the run!
    14 May 2012, 08:37 PM Reply Like
  • WMARKW
    , contributor
    Comments (10786) | Send Message
     
    How about spending some effort on Jon Corzine and the MF Global scandal !!!!!
    14 May 2012, 08:43 PM Reply Like
  • DougRk
    , contributor
    Comments (1899) | Send Message
     
    Decent move. Legions of these frauds around.
    14 May 2012, 08:53 PM Reply Like
  • WMARKW
    , contributor
    Comments (10786) | Send Message
     
    Hey Jon, as Bruce Willis said in Die Hard, "Welcome to the party, pal."

     

    Funny, I couldn't post this reply to Jon.....but it would let me post it to DSR. I suspect SA is trying to protect Jon.....Hmmmmmm
    14 May 2012, 11:13 PM Reply Like
  • educatedguess1
    , contributor
    Comments (3) | Send Message
     
    WHAT TICKERS,YO? Seriously, you throw out an article and do not give ANY specifics??? Journalism major, huh...
    14 May 2012, 10:16 PM Reply Like
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