SEC revokes registration of Blockchain Solutions’ securities

Maria Nikolova

The company, which has not filed any periodic reports with the Commission since the period ended June 30, 2018, consents to the entry of the SEC’s Order.

Shortly after the United States Securities and Exchange Commission (SEC) temporarily suspended trading in the securities of Blockchain Solutions, Inc, the regulator has published the outcome of the administrative proceedings against the company.

In the document, the Commission says it finds it necessary and appropriate for the protection of investors to accept the Offer of Settlement submitted by Blockchain Solutions. The purpose is to settle the proceedings initiated against the respondent on September 11, 2019, pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”).

Blockchain Solutions consents to the entry of an Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934.

BLCS (CIK No. 1610462) is an active Nevada corporation located in West Palm Beach, Florida with a class of securities registered with the Commission under Exchange Act Section 12(g). As of June 26, 2019, the common stock of BLCS (symbol BLCS) was quoted on OTC Link (formerly Pink Sheets) operated by OTC Markets Inc., had six market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).

The Commission has found that Blockchain Solutions has failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 because it has not filed any periodic reports with the SEC since the period ended June 30, 2018.

Accordingly, the Commission orders that, pursuant to Section 12(j) of the Exchange Act, the registration of each class of the firm’s securities registered pursuant to Exchange Act Section 12 be revoked. The revocation is effective as of October 8, 2019.

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