SEC halts trade in mysterious $35 billion OTC stock

August 16, 2016 12:58 AM

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(Reuters) - The U.S. Securities and Exchange Commission on Monday temporarily halted trade in Neuromama Ltd , whose shares have quadrupled to about $56 in over the counter trading this year, citing concerns including "potentially manipulative" transactions.

The company, whose website and filings say it runs a search engine based on neural technology, is in talks to license "heavy ion fusion" and sells a line of computing devices, had a market value of about $35 billion as of the stock's last trade on Aug. 5.

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