SEC Suspends trading in Crown Alliance Capital $CACL

This post is over a week late but I thought it important to post for the record. The SEC has continued to suspend trading in pump and dumps much more frequently and earlier in the pump than it has in past years. This is now an unmistakable trend. Crown Alliance Capital (CACL) was suspended on October 22nd, a day after it traded 491,000 shares as it was promoted again (it had been promoted back in July as well).

SEC trading suspension press release (pdf)
SEC trading suspension order (pdf)

The reason for the suspension:

The Commission temporarily suspended trading in the securities of Crown Alliance because of questions regarding the accuracy of assertions in Crown Alliance’s public filings concerning the company’s assets and shareholders and because of potentially manipulative conduct in the trading of Crown Alliance’s shares.

The day of the trading suspension, prior to the suspension, I received this email (pdf) promoting CACL.

cacl

Disclaimer: I have no position in any stock mentioned and I have no relationship with any parties mentioned above. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

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