Topic Market manipulation Southern Lithium Corp.: BaFin warns of buy recommendations for shares
According to information available to the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin), buy recommendations are currently being issued for shares in Southern Lithium Corp. (ISIN: CA8433031082) on a large scale via e-mail newsletters.
BaFin has evidence indicating that these buy recommendations contain false or misleading information and/or that existing conflicts of interest are wrongfully concealed. It has initiated an investigation into suspected market manipulation in the share.
BaFin therefore recommends all investors to closely examine whether the information provided is reliable and to obtain information about the company in question from other sources prior to buying the shares.
Update (21 June 2017)
Southern Lithium Corp. informed BaFin in a letter of 24 Mai 2017 that the company distance from any false or misleading information in e-mail newsletters.