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Stock movements with American organizers before companies issue encryption ads and WSJ reports

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(Reuters) -The organizers studied sharp movements in stock prices for companies before announcing plans to raise funds to purchase the coded currency of possible trading and detection marks, according to the Wall Street Journal on Thursday.

The report added that the Securities Regulatory Authority, Exchange and Financial Industry has contacted some of more than 200 companies that announced the Crypto Techrative strategies this year, pointing to people familiar with this issue.

File - Sealing the American Securities and Stock Exchange Committee at SEC headquarters, June 19, 2015, in Washington. The lawsuits submitted by the American Securities and Stock Exchange Committee against the largest exchange of cryptocurrencies in the world, Binance and Coinbase, have been re -tensions between the government and the volatile industry that were marked by scandals and collapses in the market. (AP Photo/Andrew Harnik, File)
File – Sealing the American Securities and Stock Exchange Committee at SEC headquarters, June 19, 2015, in Washington. The lawsuits submitted by the American Securities and Stock Exchange Committee against the largest exchange of cryptocurrencies in the world, Binance and Coinbase, have been re -tensions between the government and the volatile industry that were marked by scandals and collapses in the market. (AP Photo/Andrew Harnik, File) · Associated Press

The magazine said that officials of the Supreme Education Council warned companies against possible violations of the rules against selective participation of non -public material information.

SEC rejected the comment, while Finra did not immediately respond to a request for comment. Reuters could not immediately verify the report.

Many companies publicly listed purchase the purchase of the cryptocurrency, and seek to repeat the success of the strategy, previously known as Microstrategy, a software company that has started to accumulate Bitcoin In 2020.

(Participated in the reports of Rajfir Singh Bardisi in Bangaluru; editing Sinthia Ostman)



https://media.zenfs.com/en/reuters-finance.com/6c6d9adef93c2add47b34efebd9bdb0c

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