When is a stock too good to be true? According to the U.S. Securities and Exchange Commission (SEC), it could be when that stock soars over 900% in just half a month.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. ...

The US Securities and Exchange Commission suspended trading in QMMM Holdings Ltd. after its shares surged almost 1,000% in less than three weeks, saying the digital media advertising firm’s stock may have been manipulated by touts on social media. QMMM’s stock has surged 959% since before the company said earlier this month that it was establishing a “diversified cryptocurrency treasury” that would initially reach $100 million and target Bitcoin, Ethereum and Solana. Most Read from Bloomberg In its Sept ...