U.S. SEC suspends trading in company for false crypto claims

The US Securities and Exchange Commission (SEC) has suspended the trading in the shares of a company claiming to have SEC approval.

In a press release, the regulator said that it had suspended trading in the securities of Nevada-based American Retail Group, Inc (aka Simex, Inc) after the company claimed in two August 2018 press releases that it had partnered with an SEC-qualified custodian for use with cryptocurrencies transactions that would be "under SEC Regulations".

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