SEC Suspends Trading in Company Claiming "Anthrax Disinfectant"
FOR IMMEDIATE RELEASE
Washington, DC, November 6, 2001 The Securities and Exchange Commission announced today that it has suspended trading in the stock of 2DoTrade, Inc., a company that has issued press releases claiming it is testing and preparing to distribute a disinfectant for anthrax.
The Commission suspended over-the-counter trading in 2DoTrade's stock because of questions regarding the accuracy of the company's claims. There are also questions about the existence and viability of the company's contracts, the status of its business operations and prospects, and the identity and backgrounds of the persons in control of the company's operations and management.
2DoTrade is a Nevada corporation with offices purportedly in White Rock, British Columbia and London, England.
"Investment scams that attempt to prey on fears of terrorism are abhorrent," said SEC Enforcement Division Director Stephen M. Cutler. "We will be vigilant about rooting out and prosecuting those who seek to exploit recent events to defraud investors."
The Commission reminds investors to be particularly skeptical about claims by companies or promoters suggesting that they possess or have access to a financially lucrative product or service that will somehow aid in the war against terrorism. Investors should seek independent verification or corroboration of such claims.
The temporary trading suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934, will be in effect from 9:30 a.m. on November 6, 2001 until 11:59 p.m. on November 19, 2001.