SEC Suspends JM Group Trading Over Potential Social Media Manipulation

The U.S. Securities and Exchange Commission (SEC) has ordered a temporary suspension of trading in the securities of JM Group Limited (JMG), citing concerns over potential market manipulation and the need to protect investors.

JMG is a holding company incorporated in the British Virgin Islands and headquartered in Hong Kong. The SEC's action comes after indications that unknown individuals used social media to issue recommendations for investors to purchase, hold, or sell JMG securities. According to the regulator, these actions appear to be intended to artificially inflate both the price and trading volume of the company's shares.

The suspension will take effect from 4:00 AM Eastern Time on January 15, 2026, and remain in place until 11:59 PM Eastern Time on January 29, 2026. The SEC emphasized that the decision reflects the public interest and the protection of investors.

The regulator did not disclose the identities of the individuals allegedly involved in the scheme, nor did it comment on the extent of any potential market impact prior to the suspension.

Investors holding JMG securities are advised to refrain from trading the shares during the suspension period. The SEC noted that similar actions in the past have been implemented to allow the market to stabilize and to prevent further manipulation while investigations are underway.