Tag: Stock Delistings

SEC takes enforcement action against IGC for claims made about cannabis-based treatment for Alzheimer’s symptoms

The Securities and Exchange Commission has imposed a cease-and-desist order against India Globalization Capital and its founder and chief executive for claims made by the company in 2018 regarding what it described as a cannabis-based product aimed at treating symptoms of Alzheimer’s disease. The enforcement action comes after MarketWatch highlighted the many red flags surrounding […]

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NYSE reverses course, says it won’t delist 3 largest Chinese telecoms

In a major reversal, the New York Stock Exchange said it no longer intends to delist three Chinese telecom companies that had been targeted by an executive order from President Donald Trump. In a statement late Monday, the NYSE took back its intent to delist China Mobile Ltd.  CHL, -5.89%,  China Telecom Corp. Ltd.  CHA, […]

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