The KUIK Closing Market Report for Monday, December 11:
Markets finished up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
57
points
24,836
1:53 PM
S&P500
Up
0.3%
percent
2,660
(0.30)
Nasdaq Composite
Up
0.5%
percent
6,875
(10.64)
30 Year Treasury
Unchanged
–
basis points
2.77
Annual Yield
The Securities and Exchange Commission forced the halt of what itr said was an offer of unregistered securities by a California-based company selling digital tokens to investors for its blockchain-based food review service. Munchee refunded investor proceeds before any tokens were delivered after an investigation by the SEC’s new Cyber Unit, which is focused on misconduct involving distributed ledger technology and initial coin offerings. Munchee wanted $15 million in capital to improve an existing iPhone app for restaurant meal reviews and create an ”ecosystem” in which Munchee and others would buy and sell goods and services using the tokens.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
