SEC suspends trading in securities of Vortex Blockchain Technologies

Maria Nikolova

The temporary suspension is due to a lack of current and accurate information about the company.

The United States Securities and Exchange Commission (SEC) announced the temporary suspension of trading in the securities of Vortex Blockchain Technologies Inc. (VXBT). The suspension commences at 9:30 a.m. EDT on September 23, 2020 and terminates at 11:59 p.m. EDT on October 6, 2020.

The regulator temporarily suspended trading in the securities of the company due to a lack of current and accurate information about the company because it has not filed certain periodic reports with the SEC. This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act).

The Commission cautions brokers, dealers, shareholders and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by this company.

Brokers and dealers should be alert to the fact that, pursuant to Exchange Act Rule 15c2-11, at the termination of the trading suspension, no quotation may be entered relating to the securities of the subject company unless and until the broker or dealer has strictly complied with all of the provisions of the rule. If any broker or dealer is uncertain as to what is required by the rule, it should refrain from entering quotations relating to the securities of this company that has been subject to the trading suspension until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met.

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