$PHOT

The recent boom in pot penny stocks almost seems too good to be true - and according to the Securities & Exchange Commission, it might very well be.

In the past few weeks, the SEC has been investigating several pot stocks-eight of which have now been temporarily suspended. According to the SEC, the suspended marijuana stocks were in violation of serious regulations, including instances of "manipulative transactions" and "unlawful distribution of securities."

Here’s where that leaves the state of pot penny stocks today.