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

|By:, SA News Editor

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.