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Finance allah shmoop what is suspended Trading All right Next

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up this snazzy pair of lavender suspended We'll start the

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bidding at fifteen dollars Fifteen in the back Can i

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get twenty Twenty twenty for the woman in the pink

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jacket twenty five Do i hear twenty five Alright we're

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switching to decaf No Okay So what really is suspended

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trading trading in a security that is stopped suspended as

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if in mid air like those chinese acrobats Well the

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big question here why was trading suspended Could be one

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of many reasons the company didn't provide proper financial documentation

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in their quarterly report so the auditors didn't sign off

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Ouch Yeah Not normally Bullish for a stock or company

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is found guilty of fraud Or the ceo was caught

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on tape holding squirrel fighting matches in his basement All

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right Well the nineteen thirty four act gave the sec

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the right to suspend trading for ten days now pretty

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much any time they reasonably thought it necessary to protect

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irving q investor And when this happens it's oh so

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not good for the company in question The suspension itself

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stops trading in the stock usually causing at least gentle

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Panic among the myriad nervous nellie penguins out there just

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dying to sell their stock But they can't because trading

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is suspended and they get incrementally more nervous is the

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minutes go by such that it well it makes them

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do this So how does the pain end Euthanasia No

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generally a standard form suspension last for ten days And

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then it's done the thought being that if a company

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takes longer than ten days to get its compliance act

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in order well then seriously worse things were involved in

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other agencies will probably then come to play Think fbi

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the default tend a lapse may happen and then the

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security is unsuspected presumably with company going on and on

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and on endlessly about what happened and why and how

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and how it will never happen again knowing that a

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bunch of ambulance chasing lawyers from new york city will

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sue them for not having filed properly the form from

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the division in somalia and now the company according to

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the lawyer zoe's shareholders eighteen billion dollars hopefully for the

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company there payable in somalia in dollars or shareholders are

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going to work out some kind of suspender trade Yeah 00:02:18.39 --> [endTime] About that

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