SEC Suspends Trading in 12 Asian EGCs

The U.S. government has been trying to help more small companies go public by making the rules a bit easier.

This is done through something called the JOBS Act, which gives special treatment to certain companies, called 'emerging growth companies' or EGCs.

These companies have fewer rules to follow, which can save them money.

However, this has also led to more scams.

Recently, the SEC had to stop trading in 12 companies' stocks because they thought the prices were being manipulated.

All of these companies are from Asia and were able to go public because of the JOBS Act.

Some people think the JOBS Act makes it easier for bad things to happen, while others think it's good for helping small companies.

The SEC says that just because these 12 companies were EGCs doesn't mean all EGCs are risky.