Ron Burgundy Posted July 11, 2014 Share Posted July 11, 2014 Trading in shares of Cynk Technology Corp was suspended Friday in the loosely regulated over-the-counter market, amid concerns about possible market manipulation after a 24,000-percent surge in the stock price in the last month. Trading was halted by both the U.S. Securities and Exchange Commission and the Financial Industry Regulation Authority, or FINRA, the securities industry's self-regulatory body principally charged with monitoring activity in the opaque market for penny stocks. FINRA first posted a trading suspension in the stock early on Friday using its "Extraordinary Event Halt" code. The SEC followed with its own suspension shortly afterward, extending the trading hiatus until July 24. View the full article Quote Link to comment Share on other sites More sharing options...
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