U.S. regulator suspends trading in inactive company Minnesota company
11/02/2021 14:58
WASHINGTON, Feb 11 (Reuters) - The U.S. Securities and
Exchange Commission (SEC) on Thursday suspended trading in
SpectraScience Inc., an inactive Minnesota corporation, amid
questions surrounding online promotion of the company's
securities and recent trading activity, the regulator said.
Since late January, some social media accounts "may be
engaged in a coordinated attempt to artificially influence"
SpectraScience's share price, the SEC said in a statement.
During that time period, prices and trading volume rose even
though there was no publicly available news from the company, it
said.
(Reporting by Chris Prentice
Editing by Chizu Nomiyama)
((christine.prentice@thomsonreuters.com; +1 (202) 843-6464;))