SEC Fraud

The Associated Press reports that the Securities and Exchange Commission has suspended trading of NeoTactix Corp., Graystone Park Enterprises Inc., and Younger America Inc. for 10 days pending an investigation into their finances and operations. The concern is that the stocks were being promoted through YouTube online videos and the companies had “inadequately disclosed their assets and financial conditions and are still under investigation. Trading suspensions can sometimes be followed by securities fraud charges.”

This is all part of a push by the SEC to decrease the amount of stock pump & dump email scams, which the SEC claims has decreased the number of complaints by 68% since the program started.

Source: AP