Once again the criminal manipulators sent a stock (ENSC this time) up 4,000%+ in seconds this morning… this form of manipulation creates systemic risk and needs to be vigorously policed. The same plot was hatched in CIIT and PLYX earlier this year, and the Nasdaq did nothing about those.
We can only suspect that someone with serious “pull” was hurt this time around, which caused the Nasdaq to act and finally protect investors’ interests by cancelling all trades that occurred above $0.5846 that were executed between 5:47:00.000 and 5:48:00.000 ET.
Time Market Status 09:13:06 ET
NASDAQ
NTX
PSX
Pursuant to Rule 11890(b) Nasdaq, on its own motion, in conjunction with NYSE Arca, CBOE Equities, FINRA and MEMX has determined to cancel all trades in security Ensysce Biosciences, Inc. (ENSC) at and above $0.5846 that were executed on Nasdaq between 5:47:00.000 and 5:48:00.000 ET. This decision cannot be appealed. Nasdaq will be canceling trades on the participants behalf.
07:40:03 ET
NASDAQ
NTX
PSX
NASDAQ MarketWatch is investigating potentially erroneous transactions involving the security Ensysce Biosciences, Inc. (ENSC) executed between 05:47:00 and 05:48:00 ET today. MarketWatch will advise with details as soon as available. Participants should review their trading activity for potentially erroneous trades and request adjudication through the Clearly Erroneous process within the applicable timeframe for filing pursuant to the rule.