Leaders at the Securities and Exchange Commission say they're taking aggressive action to combat coronavirus-related investment fraud. The SEC has temporarily suspended public trading of at least 16 companies' stocks since February.
Wellness Matrix Group did not respond to questions about its SEC suspension.
"The SEC has no experience or expertise regarding vaccine development," said Boonen, though he said he understood the commission"is simply trying to do its job.", the other co-director of the enforcement division, says suspending trading in a company's stock is one of the more serious steps the SEC can take.
People might assume that the days of financial con-men cold calling gullible investors to buy penny stocks are long gone. In fact, the boiler room has simply shifted to the internet message boards.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The definitive collection of top Wall Street stock picks as coronavirus ravages markets - Business InsiderThese lists of stock picks come from Wall Street titans like Goldman Sachs, Morgan Stanley, and Bank of America.
Read more »
Wall Street jumps as hopes for easing lockdown offset earnings worryU.S. stocks jumped on Tuesday as optimism that the Trump administration could move to ease lockdowns from the coronavirus outbreak overshadowed worrying earnings reports from JPMorgan and Wells Fargo.
Read more »
Goldman Braces for Loan Losses, But Its Wall Street Arm ShinesThe bank’s profit fell 46% in the first quarter, a three-month stretch when the coronavirus pandemic battered markets, companies and investors hoarded cash and the U.S. economy ground to a halt.
Read more »
Wall Street falls on dour economic data, corporate earningsU.S. stocks fell on Wednesday as dismal economic data and first-quarter earnings reports compounded concerns over the extent of damage from the coronavirus outbreak.
Read more »
‘It’s a complete abomination’ says Wall Street money manager about hedge funds applying for bailouts from small-business recovery fundsThe Bloomberg News article makes the case that hedge funds, which tend to charge 2% fees for managing other people’s money and take 20% of the profits from...
Read more »
Democrats urge Trump to halt border wall construction during pandemicDozens of House and Senate Dems are urging the Trump administration to halt construction on a border wall with Mexico during the coronavirus pandemic
Read more »