Following the recent Reddit GameStop (GME) stock frenzy, the SEC went into regulatory overdrive trying to squash the little guys who made a profit by beating the hedge funds at their own corrupt game. The SEC more recently upped the ante by suspending trading on a number of other stocks due to "questionable trading and social media activity."
Even though the corporate media routinely tips off wealthy investors about which stocks to buy, sell, or short, this being a common form of manipulation, it is suddenly off-limits for ordinary retail investors to play the same game.
Claiming that "questions" have arisen about "increased activity and volatility in the trading of these issuers, as well as the influence of certain social media accounts on that trading activity," the SEC has suspended trading on the following stocks:
• Bebida Beverage Co. (BBDA)
• Blue Sphere Corporation (BLSP)
• Ehouse Global Inc. (EHOS)
• Eventure Interactive Inc. (EVTI)
• Eyes on the Go Inc. (AXCG)
• Green Energy Enterprises Inc. (GYOG)
• Helix Wind Corp. (HLXW)
• International Power Group Ltd. (IPWG)
• Marani Brands Inc. (MRIB)
• MediaTechnics Corp. (MEDT)
• Net Talk.com Inc. (NTLK)
• Patten Energy Solutions Group Inc. (PTTN)
• PTA Holdings Inc. (PTAH)
• Universal Apparel & Textile Company (DKGR)
• Wisdom Homes of America Inc. (WOFA)
The SEC also issued orders temporarily suspending trading in these stocks as well:
• Bangi Inc. (BNGI)
• Sylios Corp. (UNGS)
• Marathon Group Corp. (PDPR)
• Affinity Beverage Group Inc. (ABVG)
• All Grade Mining Inc. (HYII)
• SpectraScience Inc. (SCIE)
The money changers are losing so they're trying to flip over the tables
According to the SEC, none of the issuers of these stocks have filed any information with the SEC or OTC markets for over a year. Consequently, trading has to be suspended, the commission insists, in order to "protect" the trading world from alleged manipulation.
"Today's action follows the recent suspensions of the securities of numerous other issuers, many of which may also have been targets of apparent social media attempts to artificially inflate their stock price," the SEC announced.
"The SEC continues to review market and trading data to identify other securities where the public interest and the protection of investors require trading suspensions."
What the SEC is doing, in essence, is trying to put the genie back in the bottle concerning the fact that everyday folks can effectively beat the money changers at their own game with a little bit of cooperation and smarts. Many are well aware of the fact that the game has been rigged for a long time, not to mention the fact that the money changers have been repeatedly bailed out of their failed casino with American tax dollars.
The stock market has been out of touch with reality for quite some time, it turns out, ever since the Federal Reserve imposed infinite liquidity. Stock prices have been artificially inflated for years, in other words, but the SEC only cares now because regular Americans are figuring out how to take advantage of the situation along with the big guys.
"Cramer and every other talking head saying 'screaming buy!' followed by a huge uptick in volume? No problem. Perfectly legal. A bunch of regular Joes talk up a stock online and crush some short seller? Manipulation!!! People must go to jail!!! Must suspend trading in the stock!!!" wrote one Zero Hedge commenter about the obvious double standards that control the corrupt stock market.
"Two sets of laws like there are about everything else."
More related news about how the federal government only cares about helping the rich while hurting the poor can be found at Corruption.news.
Sources for this article include:
Please contact us for more information.
