RATE Group | SEC suspends trading in ARGB securities over false cryptocurrency-related claims
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SEC suspends trading in ARGB securities over false cryptocurrency-related claims

22 Oct SEC suspends trading in ARGB securities over false cryptocurrency-related claims

Posted at 15:59h in Cryptocurrency News by

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Two press releases by ARGB aka Simex claimed that the company had partnered with an SEC qualified custodian for use with cryptocurrency transactions that would be “under SEC Regulations”.

The United States Securities and Exchange Commission (SEC) has earlier today announced that it is suspending trading in the securities of American Retail Group, Inc. (ARGB), also known as Simex Inc, over making of false cryptocurrency-related claims.

In its announcement on the matter, the SEC explains the temporary suspension is imposed pursuant to Section 12(k) of the Securities Exchange Act of 1934. It commences at 9:30 a.m. EDT on October 22, 2018 and terminates at 11:59 p.m. EDT on November 2, 2018.

The regulator temporarily suspended trading in the securities of ARGB due to concerns about the accuracy and…

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