SEC Suspends Trading in Three Issuers Claiming Involvement in Cryptocurrency and Blockchain Technology
In August 2017, the SEC warned investors to be on alert for companies that may publicly announce ICO or coin/token related events to affect the price of the company’s common stock.
“This is a reminder that investors should give heightened scrutiny to penny stock companies that have switched their focus to the latest business trend, such as cryptocurrency, blockchain technology, or initial coin offerings,” said Michele Wein Layne, Director of the Los Angeles Regional Office.
Under the federal securities laws, the SEC can suspend trading in a stock for 10 days and generally prohibit a broker-dealer from soliciting investors to buy or sell the stock again until certain reporting requirements are met.
THINK AFN => WHAT HAPPENED TO MJTK SHARE PRICE
WHEN AFN WAS ANNOUNCED AND CANCELLED ?
