Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Ozark on October 23, 2018, 07:48:23 AM
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The Securities Exchange Commission (SEC) this morning suspended trading in the securities of American Retail Group, Inc (OTC: ARBG) as a result of allegations that the company made false statements involving cryptocurrency, including that it had partnered with an “SEC-qualified custodian.”
The accompanying statement from the agency references two August 2018 press releases from the Nevada-based firm, wherein the company claimed that its cryptocurrency products would be offered “under SEC regulations” and that its token sale was “officially registered in accordance [with] SEC requirements.”
In order to give credit to the author and traffic to the website (if you wish) visit, CNN.com (https://www.ccn.com/sec-suspends-cryptocurrency-related-otc-stock-for-false-claims/).