The U.S. Securities and Exchange Commission has put a Nevada-based company in trading timeout for allegedly making false claims about SEC endorsements on cryptocurrency transactions.
The SEC reported Monday that it had suspended trading in the securities of the American Retail Group Inc. based on two news releases that the company issued in August. The company acquired cryptocurrency trading platform Simex earlier this year.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]