Suspension order against ARGB

Suspension order against ARGB

The U.S. SEC has suspended trading in American Retail Group which claimed to have partnered with an SEC certified custodian for use with crypto transactions under the SEC regulations. The chief of the SEC Enforcement Division’s Cyber Unit stated, “The commission does not endorse or qualify custodians for cryptocurrency, and investors should use vigilance when considering an investment in an initial coin offering.”

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