The Securities and Exchange Commission suspended trading in Cherubim Interests Inc. and two other companies, amidst questions surrounding the purchase of cryptocurrency and blockchain technology-related assets.
Trading in the real estate developer's securities has been suspended from 9:30 a.m. ET on Feb. 16 through 11:59 p.m. ET on March 2, due to the company's delinquency in filing quarterly and annual reports.
In a release, Cherubim said it will comply with any regulatory inquiry during this period.