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US shell companies draw more scrutiny

The OTC market has long been a place ripe for exploitation by fraudsters, who manipulate shares of such firms to make illegal profits through "pump-and-dump" schemes
Wednesday, August 17, 2016 - 05:50

New York

NEUROMAMA Ltd might be the most prominent example, but it's unlikely to be the only one.

On Monday, the Securities and Exchange Commission (SEC) halted its shares, which trade on over-the-counter (OTC) markets in the US, over "potentially manipulative transactions" and