SEC Suspends Trading in the Securities of 16 Com
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Posted On: 10/02/2012 8:31:04 AM
SEC Suspends Trading in the Securities of 16 Companies in Ongoing Effort to Combat Microcap Stock Fraud
The Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of the following issuers, commencing at 9:30 a.m. EDT on September 17, 2012, and terminating at 11:59 p.m. EDT on September 28, 2012:
- AER Energy Resources, Inc. (AERN)
- Alto Group Holdings, Inc. (ALTO)
- BizRocket.com, Inc. (BZRT)
- Fox Petroleum, Inc. (FXPT)
- Geopulse Explorations, Inc. (GPLS)
- Global Technologies Group, Inc. (GTGP)
- KMA Global Solutions International, Inc. (KMAG)
- Mike the Pike Productions, Inc. (MIKP)
- Mobile Star Corp. (MBST)
- SavWatt USA, Inc. (SAVW, formerly SAVWD)
- Scorpex, Inc. (SRPX)
- Silver Dragon Resources Inc. (SDRG)
- Strategic Mining Corp. (SMNG)
The Commission temporarily suspended trading in the securities of Freedom because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, the identity of the persons in control of the operations and management of the company, the company’s current financial condition, and the misappropriation of corporate funds.
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