Riot Blockchain: drops after disclosing SEC subpoena

Longfin

18/04/2018 14:37

** Shares of Riot Blockchain  RIOT.O  down 5.6 pct after
company discloses https://www.sec.gov/Archives/edgar/data/1167419/000107997318000264/riot_10k-123117.htm
 receipt of a SEC subpoena earlier this month
    ** The med-tech co turned crypto-play did not say why it had
been subpoenaed, but said it intends to fully cooperate
    ** A CNBC report http://cnb.cx/2Hmh5iD in Feb highlighted
red flags in RIOT's SEC filings; Riot called it a "one-sided
piece"  urn:newsml:reuters.com:*:nL2N1Q61S0
    ** SEC's probe into Riot Blockchain is its latest on
cryptocurrency- and blockchain-related stocks
    ** Earlier April, SEC targeted allegedly illegal stock sales
involving Longfin stock  LFIN.O ; LFIN stock halted since then
 urn:newsml:reuters.com:*:nL2N1RJ0YL
    ** SEC also investigated Overstock.com's  OSTK.O  sale of
cryptocurrency to investors in March  urn:newsml:reuters.com:*:nL4N1QJ593
    ** RIOT shares have lost nearly all its value YTD after
surging 8x its value in 2017 

 (Reporting by Shreyashi Sanyal in Bengaluru)
 ((RM: Shreyashi.Sanyal.thomsonreuters.com@reuters.net))