🔥 TOP STORY
Ethereum Price Predicted to Climb in the Long Run as Buterin Explains Need for Higher Coin Values
Ethereum Price Predicted to Climb in the Long Run as Buterin Explains Need for Higher Coin Values

SEC Denies Endorsement of Crypto Custodians, Cracks Down on Public Company After False Claims

  • Alex Morris
    📰 News

    SEC suspended trading in securities of Simex. These punitive measures took place after company would falsely claim that it teamed up with the custodian

SEC Denies Endorsement of Crypto Custodians, Cracks Down on Public Company After False Claims
You may also like:

According to a recently published press release, the Securities and Exchange Commission (SEC) has suspended trading in securities of Simex. The SEC order states that the suspension will last until Nov. 3.

These punitive measures took place after the Nevada-based company would falsely claim that it teamed up with a custodian who was endorsed by the American securities watchdog. The company also claimed that it got the green light from the SEC for conducting a token offering.

The Commission reiterates that it doesn’t endorse any crypto custodians, so investors should be aware of fake claims that are meant to promote certain tokens.

Meanwhile, as U.Today reported earlier, scammers are faking CNN articles to lure in Bitcoin investors.

Subscribe to U.Today on Twitter,and get involved in all top daily crypto news, stories and price predictions!
👓 Recommended articles
something-wide
something-wide