SEC suspends trades in CYNK shares, cites potential manipulation

(Reuters) - The U.S. Securities and Exchange Commission said on Friday it suspended trading in shares of over-the-counter stock CYNK Technology Corp for two weeks. In an emailed release, the SEC said it suspended shares "because of concerns regarding the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in CYNK’s common stock." The suspension follows a similar move by FINRA, after the shares of the company jumped from six cents in early June to a closing price of $13.90 on Thursday, despite having no revenue.



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