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The Securities and Exchange Commission on Thursday suspended trading in 35 companies whose shares were touted in e-mail spam campaigns.

The SEC said it took the action to protect investors from fraud, because the accuracy of information in e-mails about the companies was questionable. The SEC did not identify who had sent the e-mails or say whether any of the companies was responsible.

E-mails heralded with messages such as "Ready to Explode," "Ride the Bull" and "Fast Money" clog people's inboxes — an estimated 100 million of them a week — and spark dramatic spikes in trading and stock prices before the spamming stops and investors lose their money, the SEC said.

The suspensions are part of an SEC effort called "Operation Spamalot," which began last fall. The suspensions will last for 10 business days, through March 21.

More here:

http://tinyurl.com/3ammfg

~aj
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