The Commission on securities and exchange Commission (SEC) has suspended trading in the securities of the company American Retail Group (OTC: ARGB), also known as Simex, Inc. This was reported on the website of the Department.
As representatives of the regulator, the reason for the decision were about the company about the partnership with “qualified and approved by the office of the custodian”. The company also held initial range of coins (ICO), which is supposedly “officially registered in accordance with the requirements of the SEC.”
Also earlier this month, the U.S. regulator has advised investors to “be vigilant when considering the possibility of investing in the ICO”.
Recall the last time the SEC significantly tightened policy in respect of projects that have received funding through ICO.
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