SEC Suspends QMMM Shares Amid Suspected Manipulation

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SEC has temporarily suspended the Smart Digital Group and QMM Holdings.
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Both companies recently announced plans to start investing in Crypto.
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The organizer informed suspicious social media posts that might have dealt with the market.
On Friday, September 26, the US Securities and Stock Exchange Committee (SEC) suspended the trading of shares temporarily for two companies listed on the NASDAC, which recently announced plans to invest in encryption.
The organizer highlighted the “potential manipulation” of the market through social media publications “seems to be designed to inflate the price of” Smart Digital Group and QMMM.
In similar ads on Friday, SEC said it would hang the trading of QMM and SDG shares until October 10.
Both companies recently announced Crypto Treasury strategies.
On September 9, QMMM unveiled plans to invest up to $ 100 million in Bitcoin, Ethereum and Solana (Sol). Meanwhile, on September 26, SDG said it would create a “variety of encrypted currency assets”, but it did not specify the assets, or the amount of investment.
Initial ads were not especially noticeable. Crypto Treasury strategies are all anger in America and beyond, where dozens of public companies have now committed at least part of their digital reserves.
What happened next, however, caused alarm bells in the Supreme Education Council.
From the opening of its treasury strategy to the closure of the market on Friday, the QMM share increased by 959 %.
By moving in the opposite direction, the SDG price decreased by 87 % on the day of its announcement.
Although SEC did not specify the specific social media accounts, there is evidence of a coordinated effort to influence the price of QMMM and SDG that reminds us of the memecoin pump plans.
Between September 26 and September 29, an increase in suspicious social media activity indicates the mode of the $ QMM and $ SDM brand on a coordinated campaign to influence, with dozens of separate publications that promote shares that share the same tactics and language almost identical.
During this period, financial influencers like StockPicksnyc, @Teambullish95 QMM and SDM.
It seems that the alleged manipulation of public shares borrows from the Playbook Crypto Scam, and the publication of robot networks, telegram groups, and possible wage facilities to make profitable stock choices look like a legitimate investment advice.
Like countless Memecoin, the basic idea of dumping social networks through purchase calls, building noise on a distinctive narration (in this case Crypto Crensuries), and kidnapping legitimate resources such as official press release to supply the pump.
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2025-09-30 13:30:00