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Author Topic: SEC Suspends Trading in Three Issuers Claiming Involvement in Cryptocurrency and  (Read 28 times)
OwlAG
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February 17, 2018, 06:45:38 PM
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Here the news: https://www.sec.gov/news/press-release/2018-20

Is this just SEC retaliation against Crypto or this was just due to these 3 companies not really transparent?

To me looks just bed marketing on crypto...

The 3 companies that have been blocked are 2 Wyoming corporations: PDX Partners Inc. http://pdxpartners.net/ and Victura Construction Group http://victuraconstruction.com/ and a Nevada company Cherubim Interests Inc http://cherubiminterests.com/

Was wondering what do you think?

 Huh Huh Huh

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jseverson
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February 18, 2018, 05:44:30 AM
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Is this just SEC retaliation against Crypto or this was just due to these 3 companies not really transparent?

Well it's just a temporary suspension, and SEC itself, at least, seemed transparent as to the reasons behind the suspension. I'd say it's no big deal. We know there are a lot of scammy businesses out there that are taking advantage of the crypto trend with their bogus ICOs and such. These companies potentially fall under that, and I'd rather they don't see the light of day than defrauding honest people of their money. Either way, they should be able to operate once they take care of the regulatory requirements, so they have a chance to prove their legitimacy.

OwlAG
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February 18, 2018, 08:06:08 AM
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 Thanks for the answer! You are probably right.

I believe that there are entrepreneurs that are definitely trying to exploit and the maximum the growing interest in blockchain. Claiming investments in ICO can showing u as more interesting and potentially appealing to attract funds.
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