SEC Suspensions & Revocations

[Renee]

ARCS SEC Suspension "because of questions regarding the accuracy and adequacy of information about the Company and its securities in the marketplace and because of potential fraud affecting the market for its securities, including among other things: (1) ARCS has not publicly provided information about its business or financials for several years; (2) in at least December 2020, certain social media accounts may have engaged in an attempt to influence ARCS’s share price by posting potentially misleading information; (3) during December 2020, ARCS’s share price and volume greatly increased in the absence of any publicly available news from the Company; and (4) in February 2021, ARCS’s share price and volume experienced additional volatility."

https://www.sec.gov/litigation/suspensions/2021/34-91245.pdf

Order:

https://www.sec.gov/litigation/suspensions/2021/34-91245-o.pdf