CMoney Trading Suspended

Jack Humphrey, Regulatory journalist
February 22, 2012 /

The Securities and Exchange Commission has issued a suspension order of trading in the securities of C$ cMoney, Inc., of Houston, Texas at 9:30
a.m. EST on February 16, 2012, and terminating at 11:59 p.m. EST on March 1, 2012.

The Commission temporarily suspended trading in the securities of cMoney because of questions regarding the accuracy of assertions by cMoney, and by others, in press releases to investors and other public statements concerning, among other things, the identity of persons controlling the
operations, management and securities of the company, the purported engagement of an independent auditor and the status of the company’s audit.

The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.

 

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