Replies to post #112215 on Bayport International Holdings Inc. (BAYP)

[rawman]

I cannot speak for the SEC, so here is an explanation of the SEC's view of the social media situation. Basically, the SEC's statement further supports my previous comment regarding widespread securities fraud and share price manipulation becoming the regular mission of a cadre of social media con artists. IMO, it is about time the SEC became pro-active in whacking the investment markets' ripoff specialists!

Washington D.C., Feb. 26, 2021 —

As part of its continuing effort to respond to potential attempts to exploit investors during the recent market volatility, the Securities and Exchange Commission today suspended trading in the securities of 15 companies because of questionable trading and social media activity.

Today's action follows the recent suspensions of the securities of numerous other issuers, many of which may also have been targets of apparent social media attempts to artificially inflate their stock price. The SEC continues to review market and trading data to identify other securities where the public interest and the protection of investors require trading suspensions.

"The SEC's recent suspensions of trading in nearly two dozen securities – including 15 today – are one facet of our ongoing efforts to police the market and protect investors," said Melissa Hodgman, Acting Director of the SEC's Division of Enforcement. "We proactively monitor for suspicious trading activity tied to stock promotions on social media, and act quickly to stop that trading when appropriate to safeguard the public interest.