BOXVN INC. (VACCEX INC.) REVIEW
This complaint was posted on NAS on 31st Dec, 2020 and is a permanent record located here: https://www.nameandshame.com/boxvn-inc-vaccex-inc-5YCUB/investor-beware-boxvn-inc-gets-trading-suspension-by-sec-id5ydo5 .
Investor Beware! BoxVn Inc. Gets Trading Suspension By SEC
BoxVn Inc., (Vaccex Inc.) Investor Alert! - Suspended By SEC
BoxVn Inc., (Vaccex Inc.) investors are alarmed by the recent trading suspension put on this stock by SEC. Such suspensions are put on stocks and companies commonly for one of the many reasons listed below:
Lack of information provided by the company
Company provides inaccurate information to the public and its investors
These suspensions are a big red flag for the investors to reinvest their money on more reliable and legitimate stocks. While sometimes the SEC has suspended companies for lack of proper paperwork, more often than not, major frauds & schemes were busted during their investigations.
If you were having second thoughts about investing your money in BoxVn Inc., (Vaccex Inc.), then I strongly suggest that you go with your intuition.
BoxVn Inc., (Vaccex Inc.) Might Be Defrauding You
SEC only suspends trades when absolutely necessary. A trading suspension is a big deal, however, brokers and companies try to downplay it. So if you are a stock-holder at this company, then be ready to receive a call from a representative telling you how this suspension is nothing major (if they haven’t already). Do not listen to them. They don’t care about your well being, they just want your money.
It is strongly recommended that you avoid doing business with this company or if you are already a stock-holder, then seriously reconsider your investment.
BoxVn Inc., (Vaccex Inc.) Trading Suspension Details
The Securities and Exchange Commission (Commission) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the Exchange Act), of trading in the securities BoxVn Inc. f/k/a Vaccex Inc. (VCEX) of Essex, United Kingdom, at 9:30 a.m. EDT on December 17, 2020, and terminating at 11:59 p.m. EDT on December 31, 2020. The Commission temporarily suspended trading in the securities of VCEX because questions have arisen relating to statements VCEX has made in its disclosures for the quarters ended June 30, 2020 and September 30, 2020, and in several press releases issued since October 28, 2020, including statements about the VCEX’s operations and the demand for its services relating to the COVID-19 pandemic. The Commission cautions broker-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company. Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to VCEX’s securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action. If any broker-dealer or other person has any information which may relate to this matter, contact Michael D. Paley, Assistant Regional Director, New York Regional Office, at (212) 336-0145, or Kristine Zaleskas, Senior Counsel, New York Regional Office, at (212) 336-0189.
Have Information On BoxVn Inc., (Vaccex Inc.)?
Investors and staff members who are associated with BoxVn Inc., (Vaccex Inc.) can contribute a lot to this open forum by sharing their experience with this company. Companies who receive trading suspensions or warnings from the SEC contact their investors and persuade them to think that these actions are not a big deal which is a total lie. Your comment can help someone avoid financial ruin.