SEC suspends trading on surging Cynk Technology Corp. stock

The company’s share price had risen 36,000 percent in under two months

On May 15, social network operator Cynk Technology Corp. closed at six cents per share on the stock market. On July 10, Cynk traded at $21.95 for one period during the day, a roughly 36,000 percent increase in under two months. Is Cynk the next big stock to jump on board?

The Securities and Exchange Commission (SEC) says not so fast, my friend. Due to perceived irregularities in the company’s stock, the SEC has suspended Cynk from trading.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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