Yesterday the SEC suspended trading in a major hard mailer pump and dump for the first time since it suspended trading in Makism (MDDD) last December 13th. I previously blogged about the initial CNTO pump last May and I blogged about the repump on January 1st.
Just like with the suspensions of trading of Sovereign Lithium (SLCO) and Guar Global (GGBL) 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 Centor because of questions
regarding the accuracy and adequacy of assertions by Centor, and by others, to investors in press
releases and promotional material concerning, among other things, the company’s assets,
operations, and financial prospects.