The first stock was $Etoiles Capital (EFTY).IPO was on 8/8/25. Suspended by the SEC from 6/10 to 17/10, with a notice indicating a need for further information. A submission was made by EFTY on 12/10, but maybe the submission was inadequate, maybe there’s a staffing problem at the SEC (they lost 15% of their staff from the DOGE layoffs and many staff have also left). Meanwhile, my position in EFTY has been frozen since 6/10/25.
The friend then suggested $Robot Consulting (LAWR), whose IPO was on 17/7/25. They were suspended by the SEC from 23/10 to 5/11 for suspected market manipulation through Social Media. But the suspension still hasn’t been lifted. Again, I suspect a staffing issue at the SEC is responsible. Eek
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