Monday, September 17, 2012 10:38:15 AM
SEC Suspends Trading in 16 More Firms; Year-to-Date Tally Tops 600
Sep 17, 2012 10:04:51 (ET)
By Tess Stynes
The U.S. Securities and Exchange Commission said that it temporarily suspended trading in the shares of 16 more companies.
The suspensions are part of a broader crackdown this year, which has resulted in a record 609 suspensions so far during 2012.
The SEC has halted trading of numerous noncompliant companies, citing reasons such as a lack of current and accurate information, as it ramps up efforts to crack down on fraud.
The agency has also increased its scrutiny of Chinese companies, amid concerns about the accuracy of their publicly disclosed information.
The latest group of companies facing suspension are: AER Energy Resources Inc. (AERN), Alto Group Holdings Inc. (ALTO), BizRocket.com Inc. (BZRT), Fox Petroleum, Inc. (FXPT) and Geopulse Explorations Inc. (GPLS)
Also, Global Technologies Group Inc. (GTGP), KMA Global Solutions International Inc. (KMAG), Mike the Pike Productions Inc. (MIKP), Mobile Star Corp. (MBST) and SavWatt USA Inc. (SAVW, formerly SAVWD)
And Scorpex, Inc. (SRPX), Silver Dragon Resources Inc. (SDRG), Strategic Mining Corp. (SMNG) Surgline International Inc. (SGLN), Thrive World Wide Inc. (TWWI) and Zamage Digital Art Imaging Inc. (ZMGD).
Write to Tess Stynes at Tess.Stynes@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 17, 2012 10:04 ET (14:04 GMT)
Kona Gold Beverages, Inc. Announces Strategic Initiatives and Corporate Direction Changes • KGKG • Aug 2, 2024 2:00 PM
POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • POET • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business • VAYK • Aug 1, 2024 9:00 AM
Duane Forrester Joins INDEXR as SVP of Search • MONI • Jul 31, 2024 11:46 AM
Lingerie Fighting Championships Help Fulfill Death-Bed Promise With First Major Motion Picture • BOTY • Jul 31, 2024 9:00 AM