SEC Temporarily Suspends Trading of a Blockchain Firm’s Stock

[kreslik.news]

On Monday, the Securities and Exchange Commission (SEC) temporarily suspended the trading of the shares of UBI Blockchain Internet, a Hong Kong-based blockchain firm. Trading will be frozen until January 22.

The market watchdog cited potentially inaccurate information in the regulatory filings, and also the unexpected activity of the firm’s stocks in the market since November.

On December 9th, the share prices of UBI Blockchain Internet was a mere $9 which spiked to $87 on December 18th. But It didn’t stop there. As of Friday, the stock prices took a dive and settled at $22. Amid all these activities, SEC ... (read more)