The stock promotion of Guar Global (GGBL) began just last weekend. The SEC suspended trading in the stock today prior to the market open after only four days of promotion.
SEC trading suspension release
SEC trading suspension order
Just like with the suspension of trading of Sovereign Lithium (SLCO), the SEC highlighted potentially manipulative trading in the stock in addition to the standard concerns about adequacy of information about the company:
The Commission temporarily suspended trading in the securities of Guar Global because of
concerns regarding the accuracy and adequacy of information in the marketplace and potentially
manipulative transactions in Guar Global’s common stock.
3 thoughts on “SEC Suspends trading in pump & dump Guar Global $GGBL”
Why not PROSECUTE the pennystock promotor who promotes these shams…
The SEC does not have prosecutorial powers so it is rare that stock fraudsters face criminal indictments. Civil penalties are too rare and too small.
How is it possible. They prosecute the most convoluted schemes, and this, the most obvious kind of scam they leave alone?
It’s a Madhouse.