SEC Suspends trading in Joymain International $JIDG


Joymain International (JIDG) had its trading suspended by the SEC on June 15th, 2015. The stock had been on an an incredible run and had achieved an insane $6 billion+ market capitalization. JIDG will reopen for trading on the grey market at the market open on June 29th, 2015.

SEC Trading suspension release (PDF)
SEC Trading suspension order (PDF)


jidgThe reason given for the suspension:

The Commission temporarily suspended trading in the securities of JIDG because of recent, unusual and unexplained market activity raising concerns regarding the adequacy and accuracy of publicly-available information, including information concerning Joymain’s financial condition and scope of operations.

The Commission acknowledges the assistance of FINRA in this matter.

Antoine Gara wrote about JIDG a week ago for Forbes.

Disclaimer: I have no position in JIDG. 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.


Leave a Reply

Your email address will not be published. Required fields are marked *

Please complete the formula below to prove that you are human * Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.