SEC suspended trading in Bitcoin Generation stock exchange securities

SEC suspended trading in Bitcoin Generation stock exchange securities

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SEC suspended trading in securities of the Bitcoin Generation Exchange The US Securities and Exchange Commission (SEC) suspended trading in the financial assets of the Bitcoin Generation cryptocurrency exchange.

This is reported on the site office. The document says that the restriction on securities trading will last until May 10. The SEC’s decision was made “due to concerns about the accuracy and relevance of the information provided by the trading platform” in relation to ordinary shares, promotion activities, the current financial condition of the company and the impact of these data on the market.

“SEC warns broker-dealers, shareholders and potential buyers about the need to carefully examine the above information,” – said on the site department. The Commission also expressed concerns “regarding the viability and valuation of the bonds that Bitcoin Generation allegedly acquired from a company based in the UK.”

This SEC comment seems to be about the purchase of bonds on the London Stock Exchange worth € 20 million, held in March 2018. Recall last fall the SEC suspended trading in securities of the American Retail Group (OTC: ARGB), also known as Simex, Inc.

The reason for the decision was then the false statements of Simex about partnership with a “qualified and approved custodian office”. The company also conducted ICO, which was positioned as “officially registered in accordance with the requirements of the SEC.”

SEC suspended trading in Bitcoin Generation stock exchange securities

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