The Securities and Exchange Commission halted trading of Investco's stock April 29 after opening an investigation into the company's financials. Trading is scheduled to be resumed May 10.
The SEC order says the suspension was handed down because "questions have been raised (by the SEC) about the accuracy of publicly disseminated information concerning, among other things, the company's assets, the company's business combinations, the company's current financial condition and a tender offer for Investco's outstanding shares."
Joseph Lents, Investco's CEO, didn't return a phone call and e-mail message from GlobeSt.com Tuesday asking for comment on the 12-day suspension.
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