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The Securities and Exchange Commission took its first action Wednesday to stop stock from being traded over online auction sites. Three people who auctioned stock on eBay in April and May were issued cease and desist orders following a four-month investigation by the SEC's San Francisco office. The SEC found that Davis was trying to sell unregistered shares in a company that wasn't incorporated and was unlikely to go public in the promised time. Davis did not return a telephone call. J.R. Hoff of Hudson, Wis., received several bids for his offer to sell 1,000 unregistered shares in Ameriga.net, a company that wasn't incorporated.