The "CE" designation means "Caveat Emptor" or buyer beware. It doesn't necessarily mean there is something fundamentally wrong with the stock. Often, it is because management has not completed required filings with government agencies or regulators. Fidelity was not letting me purchase this stock because of a similar situation. I was allowed to sell. I may switch my stock over to Robin Hood. At any rate REFG management needs to get their ass in gear and get this designation removed immediately. If not it may be worthwhile to consider stockholder action.