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Industry Trends

US Government Crack Down On Spammers

By March 9, 2007July 30th, 2023No Comments

An official press release from the SEC (Securities and Exchange Commission) yesterday stated that they had suspended trading in the securities of 35 companies that were found to be the subjects of recent and repeated spam email campaigns.

This is the most severe measure ever taken against spammers. According to both the the Chairman of the SEC and the Director of their Enforcement Division, the move has been made to protect investors from fraudulent spam emails that hype company stocks with the hope of boosting share prices.

35 companies whose trading was suspended included Apparel Manufacturing Associates, Inc. (APPM), Biogenerics Ltd. (BIGN), China Gold Corp. (CGDC), Equitable Mining Corp. (EQBM), Goldmark Industries, Inc. (GDKI), Healtheuniverse, Inc. (HLUN), Presidents Financial Corp. (PZFC), Software Effective Solutions Corp. (SFWJ), Inc. (SSUF), UBA Technology, Inc. (UBTG) and Wineco Productions Inc. (WNCP).