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SEC halts QMMM trading after 1,000% surge tied to crypto speculation, citing possible pump-and-dump scheme.
The SEC has halted trading of QMMM shares, citing concerns over a suspected pump-and-dump scheme following a 1,000% surge in its price linked to cryptocurrency speculation.
The agency did not confirm the exact cause but stated the move was to protect investors amid unusual market activity.
The suspension is under review, and no timeline for reinstatement has been provided.
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SEC detiene el comercio de QMMM después de un aumento del 1,000% vinculado a la especulación criptográfica, citando un posible esquema de bombeo y descarga.