Third Bench Inc (THBD)

[PennyHoper]

A) The SEC does occasionally suspend penny stocks;
B) The reason is (allegedly) to protect the public from fraud; but
C) I'm not entirely sure what the 'threshold of offense' is which must be sunk below before they will do it, as some stocks languish/rot in stinky pinkness for years.

Some years ago, I had a small position in a .0001 stock that looked like it was about to take off. On the day a PR came out that should have made the stock move, the SEC suspended it. Apparently the company's actions to draw attention to itself as a legitimate endeavor coincided with some failure to satisfy SEC scrutiny.