US regulators have initiated an unusual trading review of encryption bond companies, with over 200 enterprises suspected of insider trading.

The U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have launched a joint action to focus on investigating the unusual stock trading activities of several publicly listed companies that occurred prior to the announcement of their encryption cryptocurrency bond offerings, aiming to confirm whether these companies engaged in insider trading.

This investigation mainly focuses on the more than 200 digital asset financial companies listed this year (DAT)). Regulatory authorities pointed out that some investors are suspected of using non-public information to engage in pre-announcement trading, which may violate the rules of fair disclosure in the market (Reg FD).

According to a survey by the organization, it was found that these companies generally experienced a surge in trading volume and unusual stock price movements in the hours to days prior to the announcement of their encryption currency bond plans, indicating a possible insider information leak.

Currently, the SEC has issued inquiry letters to several companies suspected of violations, emphasizing that any selective disclosure of significant non-public information will face legal accountability.

This regulatory action comes at a time when companies are accelerating their layout in encryption currency. Data shows that this year, the digital asset sector has attracted over $20 billion in venture capital, with more than $100 billion specifically allocated for encryption currency.

Among them, the holdings of listed companies are particularly significant, currently holding over 1 million bitcoins (worth approximately $113 billion) and 5.26 million ethers (worth approximately $20.6 billion).

In addition, the financing activity is equally impressive, with the monthly financing of digital asset financial companies reaching $6.2 billion in July this year, setting a new historical record.

The SEC and FINRA stated that to ensure the orderly development of the cryptocurrency investment boom within the current securities law framework, any violations will face strict enforcement.

In summary, the results of this investigation not only pertain to individual case handling but will also provide important reference cases for establishing standards for corporate digital asset information disclosure.

#内幕交易调查 Information Disclosure