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SEC Suspends Trading in 15 Public Companies for Suspicious Social Media & Trading Activity | Cozen O'Connor


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On February 26, 2021, the Securities and Exchange Commission (SEC) issued an order that suspended the trading of securities in 15 OTC public companies due to questionable trading activity and social media promotions that the SEC suspects to have been part of a coordinated attempt to artificially inflate stock prices.      
The 15 companies include: 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). ....

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U.S. securities regulator suspends trading in three more 'meme stocks'


By Reuters Staff
3 Min Read
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission on Friday suspended trading in more securities that have seen jumps in both prices and trading volumes since late January amid social media interest.
The SEC temporarily suspended trading of Marathon Group Corp, Affinity Beverage Group Inc, and Sylios Corp beginning on Friday and ending on March 4, the SEC said in statements published on its website.
The suspensions are the latest effort by the SEC to address soaring retail investor interest driven by conversation on social media platforms, most notably seen in a surge and subsequent plunge in share prices of GameStop Corp. Last week, the regulator suspended trading in a defunct stock. ....

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FEB 2021: SEC Suspends Trading in Multiple Issuers Based on Social Media and Trading Activity


FEB 2021: SEC Suspends Trading in Multiple Issuers Based on Social Media and Trading Activity
Posted on 02/27/2021
The U.S. Securities and Exchange Commission today suspended trading in the securities of 15 companies because of questionable trading and social media activity.
The press release states, “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); ....

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