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The SEC ordered the suspension due to concerns about the accuracy of information in the marketplace about, among other things, the company’s products and services and certain regulatory approvals, including statements in Company press releases claiming that the Company had partnered with an “SEC qualified institution” to facilitate cryptocurrency transactions and that it was conducting a token offering that was officially registered in accordance to SEC requirements. The Company further announced that it now understood that although Prime Trust, the entity referenced in its August 16 and August 22, 2018, press releases, stated that it is a “Qualified Custodian,” that statement was not intended to imply that Prime Trust was registered with or regulated by the SEC as was the Company incorrectly stated in its press releases.
The Securities and Exchange Commission suspended trading on Monday in the securities of Nevada-based American Retail Group, Inc. , which also is known as Simex. The company claimed it had a partnership with an SEC qualified custodian that would be "under SEC Regulations," and that the company was conducting a token offering that was "officially registered in accordance [with] SEC requirements." The SEC issued an investor alert earlier this month warning investors to be vigilant for false claims about SEC endorsements used to promote digital asset investments. "The SEC does not endorse or qualify custodians for cryptocurrency, and investors should use vigilance when considering an investment in an initial coin offering," said Robert A. Cohen, Chief of the SEC Enforcement Division's Cyber Unit.
American Retail Group Inc. (aka Simex Inc.) the public corporation organized in the State of Nevada, USA LAS VEGAS, Oct. 11, 2018 -- (OTC: ARGB) -- SIMEX Inc. announces.
FLOGmall - an international e-commerce platform for private sellers, its main payment is cryptocurrency. The platform’s developed token economy will allow users making purchases for a wide list of altcoins and participate in the transactions’ processing between sellers and buyers.
LAS VEGAS, Sept. 07, 2018-- SIMEX Inc. announces the launch of OTC transactions. Vassili Oxenuk, the President of SIMEX, said: "We created convenient procedure for OTC transactions that allows institutional ...
LAS VEGAS, Sept. 04, 2018-- Sharpay is the share button with blockchain rewards. Sharpay is a new share and multi-share button for websites with blockchain-based rewards of content promotion for users. ...
SIMEX Inc. announces the beginning of the public offering of its convertible preferred shares in the amount of 10 million shares at the price of 20 USD per share. Shares offering is officially registered in accordance to SEC requirements. Purchase could be made through the smart-contract by purchasing of SMX tokens, the tokens are convertible to SIMEX's preferred shares in the ratio of 20 tokens per 1 preferred share. SMX Token allows you to reduce the commissions when trading on the SIMEX Exchange depending on the balance of the user's account up to 0%. SMX token also gives the right to have discounts purchasing any products and services within the platform.