Business
SEC suspends trading of OTC share targets on social media
Brad Gastwirth, chief technology strategist at Wedbush Securities, explains whether it is worth investing in GameStop.
With market volatility swirling around so-called “meme stocks” such as GameStop, the Securities and Exchange Commission is taking action against a smaller basket of names.
Regulators on Friday suspended trading in a handful of over-the-counter (OTC) stocks, which may have been targeted by social media players trying to artificially drive up stock prices. These OTC or “penny stocks” are typically companies that do not meet New York Stock Exchange and Nasdaq listing standards and are often sold through a network of brokers.
“We proactively monitor suspicious business activity related to social media stock promotions and act swiftly to stop these transactions where appropriate to protect the public interest.” We also remind investors to exercise caution and diligence before investing in general, including in companies promoted on social media, ”said Melissa Hodgman, Acting Director of the Enforcement Division of the SEC declaration.
IN THE MIDDLE OF GAMESTOP CRAZE, GARY GENSLER, BIDEN’S APPOINTMENT TO THE SEC, GETS THE DATE OF HEARING
| Teleprinter | security | Latest | Change | % Change |
|---|---|---|---|---|
| just what | QUASAR AEROSPACE INDUSTRIES INC | 0.001965 | +0.00 | + 3.42% |
| HLXW | HELIX WIND CORP | 0.001 | -0.00 | -9.09% |
| IPWG | INTERNATIONAL POWER GROUP LTD | 0.00135 | -0.00 | -10.00% |
The 15 OTC stocks, which are still considered speculative in nature, include little-known companies such as Green Energy Enterprises Inc., Helix Wind Corp. and International Power Group Ltd., to name a few.
| Teleprinter | security | Latest | Change | % Change |
|---|---|---|---|---|
| AMC | AMC ENTERTAINMENT HOLDINGS INC | 8.01 | -0.28 | -3.38% |
| BBBY | BED BATH & BEYOND, INC. | 26.86 | +0.57 | + 2.17% |
| SUFFICIENT | NOKIA CORPORATION | 3.92 | -0.13 | -3.21% |
While the list does not include the very short names that dominate headlines, regulators have signaled that other actions may be considered.
Has the CFO of GAMESTOP resigned or has he been expelled?
| Teleprinter | security | Latest | Change | % Change |
|---|---|---|---|---|
| GME | GAMESTOP | 101.74 | -6.99 | -6.43% |
“The SEC continues to review market and trading data to identify other securities for which the public interest and investor protection require trading suspensions,” he said.
WHY THE GAMESTOP SHARES SUDDENLY SHOWED
The regulatory action comes as GameStop stock experienced another week of high volatility as the company’s chief financial officer resigned.
The move also comes as President Biden’s pick to lead the SEC, Gary Gensler, prepares for his confirmation hearing next week.
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
picture credit
to request, modification Contact us at Here or [email protected]
 |  |  |
