SEC Suspends Trading of JM Group, Citing Potential Manipulation

Dow Jones
01/15
 

By Nicholas G. Miller

 

The Securities and Exchange Commission suspended trading of JM Group, a consumer products sourcing company headquartered in Hong Kong, citing potential stock manipulation.

The SEC said that recommendations made to investors through social media appear to have been "designed to artificially inflate the price and trading volume of the securities of JMG."

The company closed a $15 million initial public offering priced at $4 a share in December.

The stock closed Wednesday at $6.61.

 

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

 

(END) Dow Jones Newswires

January 15, 2026 09:39 ET (14:39 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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