SEC suspends trading in 15 stocks on social media, trading activity
- The U.S. Securities and Exchange Commission suspended trading in the securities of 15 companies based on questionable trading and social media activity, according to a statement.
- The tickers, company names are below:
- Bebida Beverage Co. (OTCPK:BBDA); Blue Sphere Corporation (OTCPK:BLSP); Ehouse Global Inc. (OTCPK:EHOS); Eventure Interactive Inc. (OTCPK:EVTI); Eyes on the Go Inc. (OTCPK:AXCG); Green Energy Enterprises Inc. (OTCPK:GYOG); Helix Wind Corp. (OTCPK:HLXW); International Power Group Ltd. (OTCPK:IPWG); Marani Brands Inc. (OTCPK:MRIB); MediaTechnics Corp. (OTCPK:MEDT); Net Talk.com Inc. (OTCPK:NTLK); Patten Energy Solutions Group Inc. (OTCPK:PTTN); PTA Holdings Inc. (OTCPK:PTAH); Universal Apparel & Textile Company (OTCPK:DKGR); and Wisdom Homes of America Inc. (OTCPK:WOFA).
- "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."
- Earlier, Robinhood in talks to settle Finra probe on outages, options trading.