File or Freeze, SEC Suspends Trading in 20 Delinquent Companies

Andrew Klips  |

On Wednesday, the Securities and Exchange Commission put a temporary halt on trading of 20 as a result of a lack of current and accurate information because of failure to file periodic reports with the regulatory agency.

The trading halts are pursuant to Section 12(k) of the Securities and Exchange Act of 1934.

The suspensions, which came by way of five releases from the SEC, began at the open of trading today and run through 11:59 PM EDT on Tuesday, August 27, 2013.

The companies that are sitting on the sidelines are:

OTCPK (or “Pinksheet”):

CNC Development, Ltd. ($CDLVF and $CDLKF)

Exousia Advanced Materials, Inc. (EXOU)

South American Minerals, Inc. (SAMM)

iVoice, Inc. ($IVOI)

Protectus Medical Devices, Inc. (PTMD)

St. Lawrence Energy Corp. (SLAW)

Altus Pharmaceuticals, Inc. (ALTUQ)

Blackhawk Capital Group BDC, Inc. (BHCG)

Cargo Connection Logistics Holding, Inc. (CRGO)

Diapulse Corporation of America (DIAC)

Globus International Resources Corp. (GBIR)

Kingston Systems, Inc. (KSYT)

Mega Media Group, Inc. (MMDAQ)

AIMS Worldwide, Inc. (AMWW)

Apollo Capital Group, Inc. (APLI)

Trade Commission-FREE with Tradier Brokerage

CommunitySouth Financial Corp. (CBSO)

Last Mile Logistics Group, Inc. (LMLG)

Made in America Entertainment, Inc. (MAEI)

Millenia Hope, Inc. (MLHI)


Soil Biogenics Ltd. (SOYL)

Companies that are designated as “OTCPK” by OTC Markets do not follow the transparency requirements in regularly making filings with the Securities and Exchange Commission or through other alternative reporting methods.  OTCQB-tier companies must remain current in quarterly filings.

All of the above listed companies, except for Soil Biogenics, have the “Caveat Emptor” skull and crossbones on the OTC Markets website.  Without looking the day before the suspensions, it is not possible to discern which had the warning symbol before.  Companies are tagged with the warning when trading is suspended, along with other reason, which can include:

·       Promotion/Spam without Adequate Current Information

·       Investigation of Fraud or Other Criminal Activities

·       Suspension/Halt for public concerns (meaning it is not a news or earnings halt)

·       Undisclosed Corporate Actions

·       Unsolicited Quotes

·       Other Public Interest Concern

More information on “Caveat Emptor” can be found on the OTC Markets website.

Thankfully, the SEC has been laying the hammer on microcaps that are not providing adequate information or have the potential for “pump and dump” schemes.  In June, the agency halted trading on 61 companies, the second largest shutdown of companies since May 2012, when it clamped down on 379 companies at once.

In short...ALWAYS perform proper due diligence.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not necessarily represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Symbol Last Price Change % Change