06/05 SEC suspends WBXU, 9th pot stock suspended s
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Posted On: 06/05/2014 3:38:47 PM
Re: bellsandwhistles #97
06/05 SEC suspends WBXU, 9th pot stock suspended since early March 2014. WBXU and FRTD, suspended last week, had been subjects of paid pump and dumps -- often a red flag to regulators
The 9 pot stocks suspended in past 13 weeks:
AVNE, CANN, CDFT, PTOG, PHOT, CBGI, FSPM, FRTD, WBXU.
These pot stocks have reportedly been the subject of paid promotions.
SKTO, SMVR, NGMC, WBXU, EMBR, FRTD, PZOO, PLPL, PTOG, XTRM, NVLX, REFG, ICBU, AXXE, PUGE, ERBB, TRTC.
Suspended tickers automatically go the Grey Sheets where their chances of uptiering are infinitesimal. They can be traded after 10 days, but, as they have no MM sponsorship, there is no published bid and ask. Check your broker for details if one of your stocks is suspended.
Jun 05, 2014
OTC Disclosure & News Service
Washington, D.C. -
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 72323 / June 5, 2014
The U.S. Securities and Exchange Commission announced the temporary suspension,
pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the ?Exchange Act?),
of trading of the securities of WebXU, Inc. (?WBXU?), of Santa Monica, California at
9:30 a.m. EDT on June 5, 2014, and terminating at 11:59 p.m. EDT on June 18, 2014.
The Commission temporarily suspended trading in the securities of WBXU because of
questions that have been raised about the accuracy and adequacy of publicly disseminated
information concerning, among other things, the company?s finances.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that
they should carefully consider the foregoing information along with all other currently
available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11
under the Exchange Act, at the termination of the trading suspension, no quotation may
be entered unless and until they have strictly complied with all of the provisions of the
rule. If any broker or dealer has any questions as to whether or not he has complied with
the rule, he should not enter any quotation but immediately contact the staff in the
Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-
5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he
should refrain from entering quotations relating to WBXU?s securities until such time as
he has familiarized himself with the rule and is certain that all of its provisions have been
met. If any broker or dealer enters any quotation that is in violation of the rule, the
Commission will consider the need for prompt enforcement action.
I
The 9 pot stocks suspended in past 13 weeks:
AVNE, CANN, CDFT, PTOG, PHOT, CBGI, FSPM, FRTD, WBXU.
These pot stocks have reportedly been the subject of paid promotions.
SKTO, SMVR, NGMC, WBXU, EMBR, FRTD, PZOO, PLPL, PTOG, XTRM, NVLX, REFG, ICBU, AXXE, PUGE, ERBB, TRTC.
Suspended tickers automatically go the Grey Sheets where their chances of uptiering are infinitesimal. They can be traded after 10 days, but, as they have no MM sponsorship, there is no published bid and ask. Check your broker for details if one of your stocks is suspended.
Jun 05, 2014
OTC Disclosure & News Service
Washington, D.C. -
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 72323 / June 5, 2014
The U.S. Securities and Exchange Commission announced the temporary suspension,
pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the ?Exchange Act?),
of trading of the securities of WebXU, Inc. (?WBXU?), of Santa Monica, California at
9:30 a.m. EDT on June 5, 2014, and terminating at 11:59 p.m. EDT on June 18, 2014.
The Commission temporarily suspended trading in the securities of WBXU because of
questions that have been raised about the accuracy and adequacy of publicly disseminated
information concerning, among other things, the company?s finances.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that
they should carefully consider the foregoing information along with all other currently
available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11
under the Exchange Act, at the termination of the trading suspension, no quotation may
be entered unless and until they have strictly complied with all of the provisions of the
rule. If any broker or dealer has any questions as to whether or not he has complied with
the rule, he should not enter any quotation but immediately contact the staff in the
Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-
5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he
should refrain from entering quotations relating to WBXU?s securities until such time as
he has familiarized himself with the rule and is certain that all of its provisions have been
met. If any broker or dealer enters any quotation that is in violation of the rule, the
Commission will consider the need for prompt enforcement action.
I
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