SEC Suspends Trading of QMMM and Smart Digital Due to Possible Stock Manipulation
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
SEC Trading Suspension: The Securities and Exchange Commission has temporarily suspended trading in QMMM Holdings and Smart Digital due to potential stock manipulation linked to social media recommendations, effective from September 29 to October 10.
Stock Performance: QMMM Holdings saw a dramatic 959.4% increase in share price after announcing a $100M cryptocurrency treasury, while Smart Digital's shares plummeted approximately 88% following its own cryptocurrency asset pool announcement.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
