The Commission on securities and exchange Commission froze trading in shares of The Crypto Company

The Commission on securities and exchange Commission froze trading in shares of The Crypto Company

The Commission on securities and stock exchanges of the USA (SEC) has suspended trading in the shares of The Company Crypto. The company is located in Malibu, California and offers services in the field of crypto-currency and investment consulting.

In his statement on 19 December, the SEC announced that it is freezing the trading of company shares The Crypto Company to 3 January 2018:

“The Commission temporarily suspended trading in the securities of The Crypto Company because of concerns regarding the accuracy and adequacy of information published by the company. In particular, we are talking about compensation paid for the promotion of the company, and statements about plans to sell the company’s shares by insiders. Also, questions arose regarding potentially manipulative transactions in respect of shares of the company in November 2017”.

Based on data from MarketWatch, The Crypto Company, which is traded under the Ticker CRCW is one of the few publicly traded FINTECH companies whose shares have increased significantly in regard to the sharp price increase of Bitcoin and other cryptocurrencies, the total market capitalization of whom 18 December reached $ 600 billion.

Meanwhile, Bloomberg said that The Crypto Company recently completed a private sale of stock to accredited investors at a price of only 7 dollars, 99 cents is less than the closing price of trading on December 18.

Asked to comment on the decision of the SEC, the Crypto Company are unable to answer immediately.

Earlier this month, the SEC froze the assets of another ICO PlexCorps of the company, stating that they violated the provisions on fraud and sold securities (your tokens) to U.S. investors without SEC registration.

Despite the fact that the position of the cryptocurrency and the ICO in the United States resemble the “ Wild West” where there is no “strong hand”, USA – one of the few countries actively regulate the cryptocurrency space.

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