Sales Stopped

[elleng]

Source: genomeweb

The US Securities and Exchange Commission has halted the sales of a handful of stocks due to claims the companies made about coronavirus.

According to the Wall Street Journal, the SEC suspended trading of the companies No Borders and Sandy Steele Unlimited. No Borders, it reports, had touted plans for new COVID-19 testing kits, but the SEC said in a statement that it had "questions and concerns regarding the adequacy and accuracy of publicly available information" from the company, including about its ability to make kits. Trading of Sandy Steele stock, meanwhile, was similarly suspended due to concerns over its claims to be able to make masks.

Additionally, NPR reports the SEC also suspended trading of Wellness Matrix Group stock. The agency says the firm had claims "made through affiliated websites and a company consultant about selling at-home COVID-19 testing kits that had been approved by the [Food and Drug Administration]." NPR notes the FDA has not authorized any at-home test for COVID-19.

Wellness Matrix Group also received a cease-and-desist letter from the city attorney of Los Angeles and is being investigated by members of the House of Representatives, NPR adds.

Read more: https://www.genomeweb.com/scan/sales-stopped#.Xo9xx8hKjIU

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Interested to see this, as haven't seen much 'relevant' SEC activity lately (my husband worked there.) And wonder what the idiot-in-chief will think of this.

[DENVERPOPS]

1. Actually, they probably froze the stock

to enable Kelly, her NYSE husband, and Trump's spawn a chance to dump it in a nano second after the stock begins to trade again.....

[yaesu]

2. the SEC is run by, parties with the same people they are supposed tp regulate. nt

[BComplex]

3. Elizabeth Warren was all over this kind of thing.

That's why Wall Street pushed back so hard.

[elleng]

5. Current SEC Commissioners

The Securities and Exchange Commission has five Commissioners who are appointed by the President of the United States with the advice and consent of the Senate. Their terms last five years and are staggered so that one Commissioner's term ends on June 5 of each year. The Chairman and Commissioners may continue to serve approximately 18 months after terms expire if they are not replaced before then. To ensure that the Commission remains non-partisan, no more than three Commissioners may belong to the same political party. The President also designates one of the Commissioners as Chairman, the SEC's top executive.

https://www.sec.gov/Article/about-commissioners.html

[Bengus81]

4. Put a global lock on all of them and it'll be year before they can trade again....

[bucolic_frolic]

6. Pump and dump boiler rooms are not dead!

[NBachers]

7. They're horning in on trump's Hydroxychloroquine scam.

[erronis]

8. "The Art of the Steal". All these companies take advantage of dump's ethos, well (r)epulicon ethos

It amazes me how corrupt a whole party can be. dump isn't even a repuglicon and they'll still use his connivery to take advantage of everyone else.

I wish I could be a social/political scientist (using that term "scientist" almost like christian "scientist&quot to study the flows of treachery mapped to human nature. Then again, I'm getting too old to give-a-shit.

[elleng]

9. I've had it with 'human nature.'