SEC Announces Suspension from Trading of Numerous Shell Companies

The SEC announced the second-largest trading suspension in agency history as it continued its "Operation Shell Expel" crackdown against the manipulation of microcap shell companies.

The SEC suspended trading in the securities of 61 empty shell companies that are delinquent in their public filings and seemingly no longer in business based on an analysis by the SEC's Microcap Fraud Working Group.

See: SEC Press Release.See also: List of the 61 Companies; Trading Suspension Order; Investor Bulletin: Trading Suspensions.