The Financial Post reported that junior Silver miner Liberty Silver is under mounting scrutiny as the Ontario Securities Commission has halted trading for their shares, only a week after the U.S. Securities Exchange Commission did the same.
As quoted in the market news:
Now Liberty is under even more pressure as the Ontario Securities Commission makes inquiries about the company. Liberty is also the subject of an anonymous investigative report sent to regulators and media that accuses Bobby Genovese, a well-known Canadian stock promoter, of holding undisclosed control over millions of shares.
It all adds up to trouble for chief executive Geoff Browne, who has some hard work ahead of him to lift the halt and earn investor confidence.