Illegal Blockchain Stock Sales Suit Settled with SEC

Illegal Blockchain Stock Sales Suit Settled with SEC
фото показано с : bitcoints.com

2018-7-3 04:09

UBI Blockchain Internet Ltd., formerly known as JA Energy, is a Hong Kong based company engaged in the research and application of blockchain technology primarily focused on Internet of Things (IoT).
The company is based in Hong Kong with a market capitalization of $358 million, according to Bloomberg.
However, the men allegedly sold the stock at overvalued prices, from $21.12 to $48.40, after the company’s stock rallied.
The SEC subsequently recorded “unusual and unexplained market activity” for the company’s shares in January and suspended the sales, which expired January 22.
To settle the suit, Jesky and DeStefano reportedly agreed to reimburse the profit of  $1.14 million and pay $188,682 in penalties.

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blockchain hong kong company internet based stock

Источник: bitcoints.com

blockchain hong → Результатов: 16


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