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.
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