Top Wall Street Regulators Warn Against Coronavirus Investment Scams

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Leaders at the Securities and Exchange Commission say they're taking aggressive action to combat coronavirus-related investment fraud. The SEC has temporarily suspended public trading of at least 16 companies' stocks since February.

Wellness Matrix Group did not respond to questions about its SEC suspension.

"The SEC has no experience or expertise regarding vaccine development," said Boonen, though he said he understood the commission"is simply trying to do its job.", the other co-director of the enforcement division, says suspending trading in a company's stock is one of the more serious steps the SEC can take.

People might assume that the days of financial con-men cold calling gullible investors to buy penny stocks are long gone. In fact, the boiler room has simply shifted to the internet message boards.

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What about the senators? Are they going to jail?

Heads up SenatorBurr SenatorLoeffler

The public is not the problem here

They sent Martha Stewart 2 prison 4 this. Think any of them will see jail time ?

Yay they are 4weeks too late....

Bckrda There are a few senators from Georgia that need their stock portfolios reviewed.

Cool, so when is KLoeffler going to face charges?

So are they investigating the fed buying junk bonds?

They're obviously not, however.

Maybe they should look at the well-timed stock sales of GOP Senators and Pelosi's husband. Just a thought.

Better late than never I guess.

So are they investing the fed buying junk bonds?

Add the TrumpCrimeSyndicate TrumpKushnerCrimeFamily SEC

can't take the SEC seriously until they go after fraudulent companies like $TSLA $TSLA.Q $GE

Nothing surprises me anymore. But I cannot stop dropping my jaw in shock at all of this and everything happening with COVID19

$ZOOM LMFAO

They should start with a few of our US Senators.

They should try and look harder. If profiteering via death isn't a crime, it should be.

Does that include Trump?

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