Below is a snippet or an article from Finance Magnates.

The U.S. Securities and Exchange Commission on Friday ‎suspended trading in shares of three companies due to questions about ‎their recent PRs which advertised the buyout of cryptocurrency and ‎blockchain-related assets.‎

The financial regulator cited concerns regarding the accuracy and ‎adequacy of information about acquiring top rated assets from a ‎cryptocurrency investor, among other things. Perhaps that piqued the ‎regulator’s concern, in particular after on of the suspended firms also announced plans to arrange an initial coin offering (ICO).

The US top regulator warned investors against throwing money into the ‎digial crowdsale because the organizers intended to launch a cryptocurrency-‎based ‎investment scheme without even attempting to follow US ‎securities laws.‎

The Commission temporarily suspended trading in the ‎securities of Cherubim Interests Inc. (CHIT), PDX Partners Inc. (PDXP), and Victura ‎Construction Group Inc.

The SEC’s decision comes as interest in the technology that underpins bitcoin and other ‎virtual currencies has emerged as a powerful investing theme. Several firms saw its stocks ‎price almost triple in a day just for adding the word ‘blockchain’ to their brand names or announcing ‎plans to launch technology-based products.

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