SEC Probe on Biotech Company-Turned-Crypto “Still Ongoing”

[kreslik.news]

Riot Blockchain (Nasdaq: RIOT), formerly a biotech company that saw its share price skyrocket when it refocused on cryptocurrencies, said the US regulators’ investigations in its alleged “pump-and-dump” scheme are “still ongoing.”

Riot first revealed in April that the SEC had sent it a subpoena for information. The SEC is specifically interested in the information contained in three registration statements. However, the company announced in October it has “withdrew one registration statement and its amended version in question and terminated the other.”

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