SEC Suspends Transactions on 15 Popular Shares

SEC suspends transactions on 15 popular shares. The SEC, which regulates capital markets in the US, made its first move.

U.S. Securities and Exchange Commission (SEC), the capital markets regulator and controller in the US, announced that it has suspended transactions in 15 different shares that have become popular on social media platforms. Sanctions came from the USA for the pricing organized on some shares through social media platforms and highlighted with the GameStop event. The SEC, which controls the capital markets in the US, suspended the transactions on 15 shares rising on social media platforms. In the statement made by the organization on the last trading day of the week, it was noted that the transactions were temporarily suspended in 15 shares for which virtual pricing was created through social media platforms. SEC executive executive Melissa Hodgman said in a statement that they closely monitor the shares raised on social media and intervene quickly for the public interest if necessary. Transactions temporarily suspended by the SEC are listed as follows: Ehouse Global Inc., Eventure Interactive Inc., Eyes on the Go Inc., Green Energy Enterprises Inc., Helix Wind Corp., International Power Group Ltd., Marani Brands Inc. , MediaTechnics Corp., Net Talk.com Inc., Patten Energy Solutions Group Inc., PTA Holdings Inc., Universal Apparel & Textime Company, Wisdom Homes of America Inc. In recent weeks, rapid increases in GameStop stocks have been created in the country through social forums such as Reddit, and this issue gained the attention of the US Treasury Secretary Janet Yellen and the US Congress after the developments.       Source: Bloomberg HT