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SEC halts $ZOOM after coronavirus traders confuse it for Zoom app


Eager traders looking to cash in the coronavirus (COVID-19) pandemic have flocked to purchase shares in video-calling platform Zoom – except some bought the wrong stock. The US Securities and Exchange Commission (SEC) tweeted Thursday it was suspending trade for Zoom Technologies — a relatively tiny holding company supposedly headquartered in Beijing — due to the confusion. [Read: People are skipping Zoom meetings by looping videos of themselves paying attention] Zoom Technologies’ subsidiaries reportedly develop games and electronic components for mobile phones, among other things, but the SEC shared concerns that it hadn’t filed a public disclosure statement since 2015. Zoom…

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