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Another Arrow in the SEC’s Quiver: Trading Suspensions
by: Larry E. Bergmann | Blockchain Law Center | (02/21/2018)
Recently, the SEC has used its authority in Exchange Act Section 12(k) to suspend trading in the stock of four issuers that reflects the SEC’s concern about the public market for an issuer’s stock influenced by potentially unfounded claims about the use of, or association with, blockchain technology and cryptocurrencies. A trading suspension can have a significant impact on the subsequent market for the issuer's stock.
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