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Friday, 05/16/2014 9:43:41 PM

Friday, May 16, 2014 9:43:41 PM

Post# of 102667



Are we going to face the same treatment from U.S Securities ???? you could read the article on stockhouse..


U.S. regulator cracks down on OTC marijuana stocks
Read more at http://www.stockhouse.com/news/newswire/2014/05/16/u-s-regulator-cracks-down-on-otc-marijuana-stocks-fspm-phot-ptog#3ZsrBkiBArd8Q4TX.99


The U.S. Securities and Exchange Commission is cautioning investors about the potential for fraud in microcap companies that claim that their operations relate to the marijuana industry.

The move comes after the U.S. regulator suspended trading in Denver-based FusionPharm Inc. (OTO: FSPM, Stock Forum), which claims to make a professional cultivation systems for use by cannabis cultivators among others.

It is the fifth company in the marijuana space to be suspended in the past two months.

The others included Cannabusiness Group Inc. (OTO: CBGI, Stock Forum), Woodland Hills, California-based GrowLife Inc. (OTO: PHOT, Stock Forum), Colorado Springs-based Advanced Cannabis Solutions Inc. (OTO: CANN, Stock Forum), and Bedford, Texas-based Petrotech Oil and Gas. (OTO: PTOG, Stock Forum).
Read more at http://www.stockhouse.com/news/newswire/2014/05/16/u-s-regulator-cracks-down-on-otc-marijuana-stocks-fspm-phot-ptog#3ZsrBkiBArd8Q4TX.99

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