SEC: Stop Orders

SEC Institutes Administrative Proceedings Against Crest Radius, Inc.

The SEC has instituted administrative proceedings against Crest Radius, Inc. for alleged misrepresentations in its registration statement and failure to cooperate with an examination. The company is accused of misrepresenting revenues through roundtrip transactions and failing to provide requested financial documents.

SEC Institutes Administrative Proceedings Against Digi Outdoor Media

The SEC has instituted administrative proceedings against Digi Outdoor Media, Inc. concerning its 2015 registration statement. The company has submitted an Offer of Settlement, admitting jurisdiction and consenting to the proceedings, which stem from allegations of misappropriating investor funds and making materially false statements.

SEC Institutes Administrative Proceedings Against American CryptoFed DAO LLC

The SEC has instituted administrative proceedings against American CryptoFed DAO LLC for alleged material omissions and misstatements in its registration statement for Ducat and Locke tokens. The proceedings aim to determine if the registration should be denied or its effective date suspended.

SEC Opinion on Electropremium Stop Order Proceeding

The SEC issued an opinion suspending the effectiveness of Electropremium's registration statement due to material deficiencies. The company failed to include required financial statements and made misleading statements about asset valuation. This action suspends the registration statement's effectiveness.

SEC Corrected Order for Horizon Thread Administrative Proceeding

The SEC issued a corrected order for an administrative proceeding against Horizon Thread (PTY) Ltd. The proceeding, instituted under Section 8(d) of the Securities Act of 1933, addresses alleged material misstatements and omissions in Horizon's registration statement for 1,000,000 common shares.