Chanson International Holding received an order from the U.S. Securities and Exchange Commission (SEC) on October 7, 2024, suspending trading in its securities. The suspension was effective from 4:00 a.m. EDT on October 8, 2024, through 11:59 p.m. EDT on October 21, 2024.
Following the SEC's action, on October 8, 2024, the company also received an information request from The Nasdaq Stock Market LLC. The SEC's order cited concerns regarding indicia of potential manipulation of the company's securities via social media.
Chanson International Holding stated that it has not participated in any price manipulation activity and committed to fully cooperating with both the SEC and Nasdaq. This regulatory scrutiny and trading halt represent a significant challenge to the company's market standing and investor trust.
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