July 11 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
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.
The Nevada corporation has a business address in Belize City,
Belize, and its business description says it is a "development
(Reporting By David Gaffen; Editing by Chizu Nomiyama)