SEC suspends trading of Baiyu Holdings, citing potential manipulative trading

seekingalpha09-06

The U.S. Securities and Exchange Commission temporarily suspended trading of Baiyu Holdings (NASDAQ:BYU) securities, starting at 9:30 AM ET on Friday, Sept. 6, and ending Sept. 19 at 11:59 PM ET, due ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2465869026?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/157640177/image_157640177.jpg","is_english":true,"pubTime":"2024-09-06 22:04","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2465869026","market":"hk","top_or_hot":-1,"title":"SEC suspends trading of Baiyu Holdings, citing potential manipulative trading","media":"seekingalpha","content":"<div>\n<p>The U.S. Securities and Exchange Commission temporarily suspended trading of Baiyu Holdings (NASDAQ:BYU) securities, starting at 9:30 AM ET on Friday, Sept. 6, and ending Sept. 19 at 11:59 PM ET, due ...</p>\n\n<a href=\"https://seekingalpha.com/news/4147684-sec-suspends-trading-of-baiyu-holdings-citing-potential-manipulative-trading\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SEC suspends trading of Baiyu Holdings, citing potential manipulative trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSEC suspends trading of Baiyu Holdings, citing potential manipulative trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-06 22:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4147684-sec-suspends-trading-of-baiyu-holdings-citing-potential-manipulative-trading><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. Securities and Exchange Commission temporarily suspended trading of Baiyu Holdings (NASDAQ:BYU) securities, starting at 9:30 AM ET on Friday, Sept. 6, and ending Sept. 19 at 11:59 PM ET, due ...</p>\n\n<a href=\"https://seekingalpha.com/news/4147684-sec-suspends-trading-of-baiyu-holdings-citing-potential-manipulative-trading\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BYU","symbol_name":"BAIYU Holdings, Inc.","start_time":0,"source_url":"https://seekingalpha.com/news/4147684-sec-suspends-trading-of-baiyu-holdings-citing-potential-manipulative-trading","article_id":"2465869026","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/157640177/image_157640177.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2465869026","pubTimestamp":1725631489,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"The U.S. Securities and Exchange Commission temporarily suspended trading of Baiyu Holdings  securities, starting at 9:30 AM ET on Friday, Sept. 6, and ending Sept. 19 at 11:59 PM ET, due to questions regarding the accuracy and adequacy of the Chinese company's publicly available information, the SEC said on Friday.  The SEC cited indications of potentially manipulative trading in Baiyu  securities triggered by \"recommendations, made to investors by unknown persons via social media to purchase the securities of Baiyu , which appear to be designed to artificially inflate the price and volume of the securities.\" Baiyu  stock sank 33% in Thursday trading.","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BYU":"BAIYU Holdings, Inc.","BK4104":"贸易公司与经销商"},"translate_title":"SEC以潜在操纵交易为由暂停白宇控股交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BYU":1},"content_text":"The U.S. Securities and Exchange Commission temporarily suspended trading of Baiyu Holdings (NASDAQ:BYU) securities, starting at 9:30 AM ET on Friday, Sept. 6, and ending Sept. 19 at 11:59 PM ET, due to questions regarding the accuracy and adequacy of the Chinese company's publicly available information, the SEC said on Friday.  The SEC cited indications of potentially manipulative trading in Baiyu (BYU) securities triggered by \"recommendations, made to investors by unknown persons via social media to purchase the securities of Baiyu (BYU), which appear to be designed to artificially inflate the price and volume of the securities.\" Baiyu (BYU) stock sank 33% in Thursday trading.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2465869026"}