The SEC is studying the activity of Riot Blockchain, a "transformed"

The SEC is studying the activity of Riot Blockchain, a “transformed”


A former biotechnological company Riot Blockchain, whose actions bargain on the exchange of Nasdaq and that got last year on the top pages of newspapers since it began to offer services in the field of bitcoin and other cryptocurrencies, got in the sphere of attention of the U.S. Securities and Exchange Commission (SEC). CoinDesk reports about it.

Corresponding information is contained in the annual report of Riot Blockchain, published on Tuesday, on April, 17. As a company declared, SEC “requested certain information” at a company.

As further explained in a document, the question is about classification of assets of company and size of possible investments.

” A company intends to render the complete assistance of SEC in her query”, – declared in Riot Blockchain.

Riot Blockchain became known as one of the first companies, that at the end of the last year changed the name, adding a word “blockchain” to him. On a background this news the cost of actions of Riot Blockchain grew on a maximum with $4,5 to more $38,6.

An order-paper also comes in a week since on March, 31 of Riot Blockchain declared acquisition of futures-trading brokerage firm, declaring the plans of start of exchange cryptocurrencies and futures in the USA.

Elsewhere lecture of Riot Blockchain offered new details about potential delisting from Nasdaq, about possibility of his opening first in January from his inability to conduct annual collection (situation that became the article of report of CNBC later).

At the end of February investors filed three collective cases against Riot Blockchain. They accused the firm of “violation of laws on securities, manipulation on an action, and also grant of false and entering in an error information” prices.

All these events, however, Riot Blockchain did not prevent to direct in March in an address SEC a public request about opening in the USA of platform for trading in cryptocurrencies and futures.

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