Jones Soda (JSDA)

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SEC Ends Jones Soda Trading Probe
Monday October 29, 10:00 am ET
SEC Ends Insider Trading Probe of Jones Soda, Does Not Plan Enforcement Action


SEATTLE (AP) -- Jones Soda Co. said Monday the Securities and Exchange Commission has ended an informal probe of insider trading at the soda maker and does not plan to recommend any enforcement action.
Jones Soda shares rose 10 cents to $10.07 in morning trading. The stock has traded between $8.41 and $32.59 during the past 52 weeks.

The staff of the SEC's San Francisco regional office have been investigating trading by some company officers and directors. Jones Soda said it was advised that the SEC staff does not plan any action against the company in a letter received Thursday.

Jones Soda is the subject of shareholder lawsuits claiming executives and board members pushed up the share price, then sold stock before poor first- and second-quarter earnings reports caused the price to drop. The company has denied the allegations.