SEC revokes registration of Vortex Blockchain Technologies securities
The United States Securities and Exchange Commission (SEC) has decided to accept an offer of settlement submitted by Vortex Blockchain Technologies Inc. (VXBT).
VXBT has failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder because it has not filed any periodic reports with the Commission since the period ended December 31, 2019. In view of the foregoing, the SEC deems it necessary and appropriate for the protection of investors to impose the sanction specified in Respondent’s Offer.
Pursuant to Section 12(j) of the Exchange Act, the registration of each class of VXBT’s securities registered pursuant to Exchange Act Section 12 is revoked. The revocation is effective as of October 23, 2020.
Let’s recall that, on September 22, 2020, the SEC announced temporary suspension of trading in the securities of VXBT commencing at 9:30 a.m. EDT on September 23, 2020 and terminating at 11:59 p.m. EDT on October 6, 2020.
The Commission temporarily suspended trading in the securities of the foregoing company due to a lack of current and accurate information about the company because it has not filed certain periodic reports with the Commission. This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act).