RATE Group | SEC clears Riot Blockchain after nearly 2-year investigation
78366
post-template-default,single,single-post,postid-78366,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

SEC clears Riot Blockchain after nearly 2-year investigation

05 Feb SEC clears Riot Blockchain after nearly 2-year investigation

Posted at 20:49h in Cryptocurrency News by

[ad_1]

DENVER — The U.S. Securities and Exchange Commission has concluded its investigation of Castle Rock-based cryptocurrency company Riot Blockchain (Nasdaq: RIOT) and does not intend to recommend any enforcement actions against the company.

“The Board of Directors and Management of Riot are pleased the SEC has concluded its investigation without recommending any enforcement action,” Riot Blockchain said in an SEC filing. “Riot remains focused on the cryptocurrency sector with the goal of creating added shareholder value.”

On April 9, 2018, the company received a subpoena from the SEC requesting “certain information.” The subpoena came after the company experienced erratic swings in its stock price and converted from a medical equipment company, according to previous Denver Business Journal reporting.  

RELATED: What’s Riot Blockchain up to now? Mining more bitcoin, apparently

RELATED: Riot Blockchain shares plummet; CEO…

[ad_2]

Source link

Tags:
, , , , ,