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US securities regulator suspends trading in 15 securities due to 'questionable' social media activity

The Securities and Exchange Commission acted because none of the companies have filed any information with the regulator for over a year, it said in a statement

twitter-logoReuters | February 27, 2021 | Updated 13:19 IST
US securities regulator suspends trading in 15 securities due to 'questionable' social media activity
Retail interest in certain stocks, most notably GameStop Corp, has surged in a social media frenzy, leading to volatile trading

The US securities regulator on Friday suspended trading in the securities of 15 companies because of "questionable trading and social media activity," the latest in a string of temporary trading halts amid volatile trading in so-called "meme stocks."

The Securities and Exchange Commission acted because none of the companies have filed any information with the regulator for over a year, it said in a statement. This is the regulator's third and largest wave of suspensions in response to social media activity.

Retail interest in certain stocks, most notably GameStop Corp, has surged in a social media frenzy, leading to volatile trading.

The SEC is continuing to review market and trading data to spot other securities to "to potential attempts to exploit investors during the recent market volatility," the agency said on Friday.

Here is the list of stocks that were suspended by SEC:

  • Blue Sphere Corp.
  • Bebida Beverage Co.
  • Ehouse Global Inc.
  • Eventure Interactive Inc.
  • Eyes on the Go Inc.
  • Green Energy Enterprises Inc.
  • Helix Wind Corp.
  • International Power Group Ltd.
  • Marani Brands Inc.
  • MediaTechnics Corp.
  • Net Talk.com Inc.
  • Patten Energy Solutions Group Inc.
  • PTA Holdings Inc.
  • Universal Apparel & Textime Company
  • Wisdom Homes of America Inc.

Also read: Wall Street slips on tech sell-off as bond yields soar, Nasdaq falls 2.5%

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