SEC Suspends trading in pump & dump Guar Global $GGBL

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.

ggbl

Disclaimer: I have no position in any stocks mentioned and 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.

 

3 thoughts on “SEC Suspends trading in pump & dump Guar Global $GGBL”

      1. 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.

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