U.S. regulators investigate insider trading at cryptocurrency strategic reserve company

ChainCatcher news, according to Jin10, U.S. financial regulators have launched an investigation into unusual trading patterns of companies attempting to make cryptocurrency purchases a core corporate strategy. The SEC and FINRA have contacted over 200 companies that announced the adoption of cryptocurrency reserve strategies, focusing on the abnormal increase in stock trading volume and sharp price rises in the days leading up to the announcements. Officials warn that companies may be violating the Fair Disclosure Rule, and lawyers indicate that such letters typically signify a deepening insider trading investigation.