Whatever happened to Heritage Corp? interesting indeed.
SEC suspends trading in Nikron, cMoney
Feb. 16, 2012, 10:27 a.m. EST
By Tess Stynes
The U.S. Securities and Exchange Commission temporarily suspended trading in the shares of two penny stocks amid a continuing crackdown by the regulator.
The SEC suspended trading of Kansas-based Nikron Technologies Inc. NKRN 0.00% , on allegations of possible manipulative conduct in the market for its stock which trades on OTC Markets Group Inc.'s OTC Link. Shares closed Wednesday at 13 cents each.
The SEC also suspended trading of Houston-based C$ cMoney Inc. CMEY 0.00% amid questions about the accuracy of assertion by the company and others in media releases and other public statements. They include questions about who controls the company and the status of its audit. Shares closed Wednesday at less than half a penny a share.
The regulator has continued suspending shares in this year, continuing a trend in 2011, which saw many companies halted for apparently failing to file required financial reports. Others were suspended last year amid questions about their audits, including many companies based in China. Still other suspensions have related to over-the-counter stocks and questions about the accuracy of publicly disclosed information and the harms of stock-touting websites and anonymous message boards.