SEC stopped trading stocks of three companies that announced about purchasing blockchain assets.

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2018-02-19
SEC stopped trading stocks of three companies that announced about purchasing blockchain assets.

The U.S. Securities and Exchange Commission (SEC) suspended trade in stocks of the following companies: Cherubim Interests Inc., PDX Partners Inc. and Victura Construction Group Inc. The companies declared acquisition “connected with cryptocurrencies and a blockchain technologies of assets”.

All three companies published very similar press releases in which informed about acquisition of assets at “division of subsidiary of the private investor”. Besides, Cherubim announced about its plans for carrying out an ICO.

As a result SEC suspended trade in securities of the companies and reminded investors that many organizations try to manipulate a rate of the stocks by means of announcements of expansion of activity in the sphere of blockchain technologies.

The chairman of the department Jay Clayton said earlier that SEC would begin “to keep an eye” on the companies which suddenly decide to fill up their portfolios with blockchain projects or try to completely reorientate the industry they work in.

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