The Securities and Exchange Commission (SEC) has suspended trading on shares of The Crypto Company, which deals in digital currencies, after its stock surged by roughly 2,700 percent in the... Who's Online | Find Members | Private Messages
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SEC suspends trading of shares on digital currencies

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28 days ago - Tuesday 12/19/17 - 3:14:40 PM EST (GMT-5)
The Securities and Exchange Commission (SEC) has suspended trading on shares of The Crypto Company, which deals in digital currencies, after its stock surged by roughly 2,700 percent in the past month.

Regulators said their decision was based on the “accuracy and adequacy of information in the marketplace” about The Crypto Company. In particular they raised concerns about “the compensation paid for promotion of the company, and statements in Commission filings about the plans of the company’s insiders to sell their shares of The Crypto Company’s common stock.”

“Questions have also arisen concerning potentially manipulative transactions in the company’s stock in November 2017,” the SEC said in announcing the suspension.

http://thehill.com/policy/technolog...
28 days ago - Tuesday 12/19/17 - 3:44:46 PM EST (GMT-5)
I would be afraid to invest in crypto currency
it doesn’t seem real and likely to crash any moment
28 days ago - Tuesday 12/19/17 - 3:52:38 PM EST (GMT-5)
I don't even understand the digital currency stuff whatsoever.

I guess I should look it up.
28 days ago - Tuesday 12/19/17 - 3:53:57 PM EST (GMT-5)
People should be able to take those risks if they so choose.
28 days ago - Tuesday 12/19/17 - 3:54:51 PM EST (GMT-5)
On Tuesday 12/19/17 - 3:44:46 PM Disappears wrote:
I would be afraid to invest in crypto currency it doesn’t seem real and likely to crash any moment


You feel confident about your money being a piece of paper though.
28 days ago - Tuesday 12/19/17 - 3:56:22 PM EST (GMT-5)
I was actually looking into investing in crypto-currency, but it just seems too risky to me. But I wouldn't stop others from taking that risk.
28 days ago - Tuesday 12/19/17 - 3:59:24 PM EST (GMT-5)
paper currency is pretty stable all things considered
28 days ago - Tuesday 12/19/17 - 4:04:35 PM EST (GMT-5)
I just read an article to get a better idea and it does sound hella risky.
28 days ago - Tuesday 12/19/17 - 4:15:28 PM EST (GMT-5)
When something goes up 2,700% in a month it's hella risky, because at some point it might drop back down to were it was.

Even if some element of the market is driving gains your just investing in a bull market.
28 days ago - Tuesday 12/19/17 - 7:00:23 PM EST (GMT-5)
On Tuesday 12/19/17 - 3:44:46 PM Disappears wrote:
I would be afraid to invest in crypto currency it doesn’t seem real and likely to crash any moment


it's probably the most obvious bubble ever. but for anyone who bought low and are selling now, my hat's off to those people.
28 days ago - Tuesday 12/19/17 - 7:04:16 PM EST (GMT-5)
On Tuesday 12/19/17 - 3:53:57 PM Noldor wrote:
People should be able to take those risks if they so choose.

Did you miss the whole part about manipulative trading? Allowing people to take risks if they want is fine and all, but when they're definitely not getting the whole picture because someone is cheating, that's a problem that the SEC is designed to stop.
28 days ago - Tuesday 12/19/17 - 7:09:47 PM EST (GMT-5)
You mean 'potentially' manipulative transactions. Really? I don't know how they would prove that.

Also, to manipulate a stock price or bitcoin price is extremely hard to do, otherwise, people would be doing it all the time.
28 days ago - Tuesday 12/19/17 - 7:11:15 PM EST (GMT-5)
I mean if it’s illegal then I imagine they wouldn’t do it all the time
28 days ago - Tuesday 12/19/17 - 7:13:38 PM EST (GMT-5)
It isn't hard to do. It's just hard to do *and not get caught.*
28 days ago - Tuesday 12/19/17 - 7:14:06 PM EST (GMT-5)
Noldor trying to rationalize away reality as a conspiricy, once again.
28 days ago - Tuesday 12/19/17 - 7:14:44 PM EST (GMT-5)
The SEC is generally pretty wary of completely shutting down trading unless they have a good case for manipulation, insider trading, or some other sort of fraud.

Of course, idiots like Noldor would prefer a completely unregulated market, I guess, and damn the consequences.
28 days ago - Tuesday 12/19/17 - 7:15:25 PM EST (GMT-5)
Regardless of the legality of it, it's a hard thing to do.
28 days ago - Tuesday 12/19/17 - 7:16:28 PM EST (GMT-5)
Yes, in your world we must regulate EVERYTHING!
28 days ago - Tuesday 12/19/17 - 7:17:17 PM EST (GMT-5)
Please mr. Government can I go to the bathroom now? What form do I have to fill out?
28 days ago - Tuesday 12/19/17 - 7:19:00 PM EST (GMT-5)
On Tuesday 12/19/17 - 7:16:28 PM Noldor wrote:
Yes, in your world we must regulate EVERYTHING!

Call me crazy, but I do think we should regulate things like fraudulent financial transactions or advertising meant to unfairly skew the market value of a commodity.
28 days ago - Tuesday 12/19/17 - 7:21:09 PM EST (GMT-5)
I know your knowledge begins and ends with an Econ 101 class you took 25 years ago, but I would at least think you could see the logic in that.
28 days ago - Tuesday 12/19/17 - 7:39:29 PM EST (GMT-5)
Noldor doesn't understand the purpose of the SEC.
28 days ago - Tuesday 12/19/17 - 7:42:09 PM EST (GMT-5)
I have some tulip bulbs for sale, if anyone's interested.
28 days ago - Tuesday 12/19/17 - 7:44:25 PM EST (GMT-5)
On Tuesday 12/19/17 - 7:39:29 PM Rag_Doll_ wrote:
Noldor doesn't understand the purpose of the SEC.

it’s the southeastern conference... right?
28 days ago - Tuesday 12/19/17 - 7:47:03 PM EST (GMT-5)
On Tuesday 12/19/17 - 7:39:29 PM Rag_Doll_ wrote:
Noldor doesn't understand the purpose of the SEC.

I actually think what he doesn't understand is the entire concept of educated risk.

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