SEC Halts 12 Firm’s Securities Trading
Trading in the securities of 12 companies has been frozen by the U.S. Securities and Exchange Commission until June 27.
Trading in the securities of 12 companies has been frozen by the U.S. Securities and Exchange Commission (SEC) until June 27, The Wall Street Journal reports. The move comes as the companies did not file required reports with the regulator for over 10 years.
The companies include Dawn Technologies, Seirios International and Distinctive Devices. The regulator also halted trading in some over-the-counter stocks due to questions arising about the accuracy of publicly disclosed information and the problems of stock-touting websites and anonymous message boards.
Click here for the story from The Wall Street Journal.