The Securities and Exchange Commission will likely order more trading suspensions over false or misleading statements related to the coronavirus pandemic, a top enforcement official said.
Trading suspensions “have been a critical element of the commission’s response to Covid-19,” SEC Enforcement Division Co-Director Steven Peikin said Tuesday during a virtual conference. They’re also the “most visible manifestation” of the agency’s commitment to protecting retail investors from fraud and illegal activity amid the current market uncertainty. he said.
The SEC since early February has temporarily suspended trading in more than 30 securities due to concerns about their coronavirus-related statements from issuers. ...
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