Friday, March 09, 2007

SEC Suspending Trading for Companies Touted in Spam

From a press release dated March 8, 2007:

SEC Suspends Trading Of 35 Companies Touted In Spam Email Campaigns
Investor Protection Agency Unveils "Operation Spamalot"
FOR IMMEDIATE RELEASE
2007-34

Washington, D.C., March 8, 2007 - The Securities and Exchange Commission this morning suspended trading in the securities of 35 companies that have been the subject of recent and repeated spam email campaigns (see examples). The trading suspensions - the most ever aimed at spammed companies - were ordered because of questions regarding the adequacy and accuracy of information about the companies.
.....
The trading suspensions will last for ten business days. The trading suspensions commenced today at 9:30 a.m., EDT, and terminate at 11:59 p.m., EDT, on March 21, 2007.
General information and links on this topic can be found at http://www.sec.gov/investor/35tradingsuspensions.htm.

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