25 Trading Suspensions Related to COVID-19 Disclosures!

As of May 11, 2020, twenty-five (25) public companies’ stock has been suspended from trading on the stock exchanges due to claims made about their COVID-19 related products. Investors, brokers, dealers and Asset Management companies should be wary and warned regarding claims these companies make about their products where the Securities and Exchange Commission deems the claims to be suspect.  As an example:

“The Commission temporarily suspended trading in the securities of **** because of questions regarding the accuracy and adequacy of information in the marketplace since at least March 3, 2020. Those questions relate to, among other things, (i) ****’s statements claiming to have “technology perfected” to allow it to manufacture and sell a COVID-19 test kit that would provide results “in 15 seconds, based on a small finger prick blood sample,” and (ii) ****’s sales forecasts for the COVID-19 test kit that up to 525 million test kits would be sold in the first year of production.”

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SEC News coverage includes 19 topics:

  1. Accounting and Auditing Releases
  2. Administrative Law Judges
  3. Administrative Proceedings
  4. Administrative Proceedings Rules
  5. Exchange Act Exemptive Notices & Orders
  6. Invest Co Act Deregistration Notices & Orders
  7. Litigation Releases
  8. Other Commission Orders, Releases, Notices & Information
  9. Press Releases
  10. Press Statements
  11. Releases Regarding Delinquent Filings
  12. SEC Concept Releases
  13. SEC Final Rules
  14. SEC Interim Rules
  15. SEC Proposed Rules
  16. SEC Interpretive Releases
  17. Stop Orders
  18. Testimony
  19. Trading Suspensions

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