SEC Suspends trading in three recent pump and dumps

Today the SEC suspended trading in Suburban Minerals Corp. (SUBB),  Global Earth Energy, Inc. (GLER), and Broadcast Live Digital Corp. (BFLD).

SUBB suspension release (pdf)
SUBB suspension order (pdf)

SUBB has been promoted since January 7th of this year by most of the promoters out there. It was suspended by the SEC because of

The Commission temporarily suspended trading in Suburban due to a lack of current and
accurate information concerning the securities of Suburban including questions regarding the
accuracy of publicly available information about the company’s operations.

The SEC acknowledges the assistance of the Alberta Securities Commission, Quebec Autorité
des Marchés Financiers, and the British Columbia Securities Commission in this matter.

That is of course the standard SEC boilerplate language, although the 2nd paragraph quoted above indicates that the Canadians alerted the SEC about the problems with SUBB.

subb

GLER suspension release (pdf)
GLER suspension order (pdf)

GLER was promoted back in May of 2013 and again in November 2013 by various promoters including VIPStockReports.com. The SEC was more specific in its language about why GLER was suspended:

The Commission temporarily suspended trading in the securities of Global Earth because, among
other things, of questions regarding the accuracy and completeness of Global Earth’s
representations to investors and prospective investors in Global Earth’s public filings with the
Commission and Global Earth’s publicly-available press releases and other public statements. In
particular, there are questions regarding the accuracy and completeness of Global Earth’s public
assertions relating to its business transactions with Hawk Manufacturing Corp.

gler

BFLD suspension release (pdf)
BFLD suspension order (pdf)

BFLD was promoted all throughout 2013 and even through this morning, by many different promoters. This morning it was promoted by PennyPicks.net, BreakoutBulls.com, and InvestmentNewsalert.com.

The reasons given for the suspension of BFLD are the standard boilerplate language the SEC uses:

The Commission temporarily suspended trading in BFLD due to a lack of current and accurate
information concerning the securities of BFLD because of questions regarding the accuracy of
publicly available information about the company’s operations. BFLD’s ticker symbol is BFLD.

bfld

Disclaimer: I have no position in any stocks mentioned. 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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