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by Mike Caswell

The U.S. Securities and Exchange Commission has suspended MarilynJean Interactive Inc., a purported provider of Bitcoin-related services that until recently had a $123-million market capitalization. (All figures are in U.S. dollars.) The SEC cites what it describes as unusual trading activity in the Vancouver-linked company. The regulator says that a suspension is necessary for the protection of investors.

The SEC has provided no other reasons for the halt, but the regulator is clearly concerned about manipulative activity. In the days ahead of the halt, the stock more than doubled, going to 71 cents from 31 cents on a relatively large number of trades. Then, on Thursday, Aug. 25, the company dropped to 24.5 cents on volume of 6.2 million shares, indicating heavy selling. There was no news that would account for the significant fluctuations.

The suspension leaves many questions about MarilynJean. The company has a website that appears to be professionally designed, but it is far from clear who designed it. Registration records show that the site belongs to a service called Domains by Proxy LLC, which means that the site's creator is anonymous. MarilynJean's address is for an office in Henderson, Nev., that belongs to an entity called Incorp Services Inc., which is a corporate agent. MarilynJean's phone number leads straight to a generic voice mail.

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