Name and Shame
Name and Shame

DOUGHERTY’S PHARMACY INC REVIEW

Complaint
#5YDO7
NameandShame Author
Stocks & Bonds News
4th Jan, 2021

Dougherty’s Pharmacy Inc Caught Red Handed By SEC! Now On A Trading Suspension

Dougherty’s Pharmacy 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:


  • Protecting investors

  • Lack of information provided by the company

  • Company provides inaccurate information to the public and its investors

  • Market manipulation

  • Insider trading


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 Dougherty’s Pharmacy Inc, then I strongly suggest that you go with your intuition.


Dougherty’s Pharmacy 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.


Dougherty’s Pharmacy Inc Trading Suspension Details

The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934, of trading in the securities of Dougherty’s Pharmacy, Inc. (“MYDP”) (CIK No. 1080029), of Dallas, Texas, at 9:30 a.m. EST on November 24, 2020, and terminating at 11:59 p.m. EST on December 8, 2020. The Commission temporarily suspended trading in the securities of MYDP due to a lack of current and accurate information about the company because it has not filed certain periodic reports with the Commission. 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. 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 is uncertain as to what is required by the rule, it should refrain from entering quotations relating to the securities of this company that has been subject to the trading suspension until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. Any broker or dealer with questions regarding the rule should contact the staff of the Securities and Exchange Commission in Washington, DC at (202) 551-5777. If any broker or dealer enters any quotation that 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 that may relate to this matter, they should immediately contact Barry Isenman, Assistant Regional Director, Chicago Regional Office of the Commission at (312) 866-8515, or the Delinquent Filings Branch of the Commission’s Division of Enforcement at (202) 551-5466 or by email at [email protected]

Have Information On Dougherty’s Pharmacy Inc?

Investors and staff members who are associated with Dougherty’s Pharmacy 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.

Original Date:
Nov. 23, 2020

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