Overview

• Trading is suspended through 11:59 p.m. ET on October 10 as the SEC reviews unusual activity in QMMM shares.
• The SEC says unknown individuals used social media to recommend buying the stock in a way that appears designed to inflate price and volume.
• QMMM, a Hong Kong-based digital advertising firm, announced a diversified crypto treasury targeting Bitcoin, Ethereum, and Solana with an initial $100 million.
• Reported gains vary widely, with coverage citing about 959% since the announcement and more than 2,100% for September based on market data.
• The SEC also paused trading in Smart Digital Group for similar reasons as regulators intensify scrutiny of corporate crypto treasury moves.