Sedona Corp. Asks SEC, NASD to Investigate Trading

Share this content:
Sedona Corp. yesterday requested that the Securities and Exchange Commission and the National Association of Securities Dealers investigate alleged improprieties in the trading of its stock.


Sedona, a customer relationship management software vendor for small and mid-sized financial services companies, contacted the SEC and NASD because of information it said it recently received. The information alleged that the market price of the common stock of a number of companies, including Sedona, has been and continues to be manipulated through improper short selling and other activities.


As a result, the King of Prussia, PA-based company will notify its debenture holders and their agents that it will not currently honor requests for conversion of its outstanding convertible debenture.


Sedona also said it intends to take additional actions, as it deems appropriate to protect the company. It also said that although it believes that its actions are warranted, there could be no assurance that any dispute or legal proceedings resulting from this would not have a material adverse effect.


Loading links....

Sign up to our newsletters

Company of the Week

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here