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Stock impact report

SEC Strikes at Crypto Treasury Firm, Halts QMMM Stock Trading after 1,000% Rally [Yahoo! Finance]

Forward Industries, Inc. (FORD) 
US:NASDAQ Investor Relations: forwardindustries.com
Company Research Source: Yahoo! Finance
The US Securities and Exchange Commission (SEC) has recently charged out on Solana Treasury firm QMMM Holdings, with its stock price gaining 1000 % in just 25 days. The SEC alleges that the rally was fueled by anonymous social media promotions after the company announced plans to establish a $100 million diversified crypto treasury, with investments in Bitcoin , Ethereum , and Solana . The rush for crypto treasuries is on the rise as players like Forward Industries have been accumulating in significant numbers. Regulators cited concerns over potential market manipulation and investor protection as reasons for the halt. The move underscores the risks of meme-stock-style speculation, which drew regulatory attention soon after the hype rally. Amid the heightened volatility in the QMMM Stock, investors need to maintain caution for any potential manipulation risks. On Sept. 29, the US SEC said that social media recommendations from “unknown persons” to buy QMMM shares may have manip Show less Read more
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