2018-8-3 23:16 |
Long Blockchain, the beverage maker that made headlines last year when its stock surged following a pivot to blockchain and a related name-change, has been subpoenaed by the U.S. Securities and Exchange Commission (SEC).
An 8-K form submitted by Long Blockchain to the SEC on July 26 and revealed on Wednesday shows that the firm received the subpoena on July 10, with the SEC “seeking the production of certain documents.”
Long Blockchain said it is “fully cooperating with the SEC’s investigation.”
This is not the first time the SEC has probed into firms that saw soaring stock prices following claims of blockchain interest.
As previously reported by CoinDesk in April, the SEC also subpoenaed Riot Blockchain after it drew public attention in a similar fashion late last year.
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