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  • BRENDA HAMILTON

    SEC Suspends 379 Companies In Largest Massive Trading Suspension in SEC History

    (News & Articles)

    Fri Jan 04 18:22:39 CET 2013

    On May 14, 2012, the Securities and Exchange Commission suspended trading in the securities of 379 dormant companies. The SEC’s release provided that suspensions were necessary to prevent the dormant companies from being hijacked by fraudsters and used to harm investors through reverse mergers or pump-and-dump schemes. The trading suspension marks the most companies ever suspended in a single day by the agency as it ramps up its crackdown against fraud involving microcap shell companies that...


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