- The subpoena that Riot Blockchain received in April is part of a formal SEC investigation, the company disclosed in its recent quarterly filing.
- Riot said SEC staff inquiries included proper asset classification, applicability of the Investment Company Act or 1940, to the company’s business and affairs and accounting treatment of its cryptocurrency.
- Riot fell 5.36%, closing market trading at $9.00.
- Previously: Riot Blockchain down 4% after results, SEC probe (April 18)
- Related tickers: OTCQX:GBTC, COIN, RIOT, OSTK, SSC-OLD, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, OTCPK:BTLLF SRAX, OTCPK:GAHC, OTC:ARSC, OTCPK:USTC, OTCPK:BLKCF, COINB, BTC-USD, ETH-USD, XRP-USD, BCH-USD
Riot Blockchain falls as SEC subpoena is part of formal investigation
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