Thursday, March 08, 2007 12:54:42 PM
SEC suspends trading in 35 securities over 'spam' scheme
11:14a ET March 8, 2007 (Marketwatch)
WASHINGTON (MarketWatch) -- Securities regulators suspended trading in 35 stocks on Thursday that have been the subject of repeated "spam" e-mail campaigns enticing would-be buyers with advertisements like "Ride the Bull" and "Ready to Explode." Part of a broader effort by the Securities and Exchange Commission dubbed "Operation Spamalot," the agency is targeting over-the-counter stocks traded on the Pink Sheets quotations service. Among the companies whose stocks are suspended are Advanced Powerline Technologies Inc. , Equitable Mining Corp. , Leatt Corp. and WayPoint Biomedical Holdings Inc. . None of the suspended companies are subject to SEC reporting rules.
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