SEC Suspends trading in marijuana (hemp) stock WebXU WBXU
This morning the SEC suspended trading in WebXU (WBXU), a perennial pump and dump and new hemp company. This is the eighth suspension of a marijuana-related stock this year (the most recent suspension was of FRTD). WBXU was most recently promoted by StockMarketProfessor.com on May 22nd. The first compensated pump email I received on WBXU was from Awesomepennypick.com on March 29th, 2013.
From the SEC PR:
The Commission temporarily suspended trading in the securities of WBXU because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, the company’s finances.
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