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The Securities and Exchange Commission temporarily halted trading of Neuromama Ltd., citing “potentially manipulative transactions” in a stock that soared to $35 billion even though it hasn’t filed financial results in years.
Shares of the company, based in a beach community just south of Tijuana, Mexico, have quadrupled this year to $56.25, giving it a paper value exceeding Tesla Motors Inc., Yum! Brands Inc. and Delta Air Lines Inc.