Core Viewpoint - Four Chinese concept stocks have been suspended from trading by the U.S. Securities and Exchange Commission (SEC) due to allegations of stock price manipulation shortly after their IPOs [1] Group 1: QMMM Holdings (QMMM.US) - The SEC suspended trading of QMMM Holdings Ltd. after its stock price surged over 100 times in less than a week [2] - The company announced plans to establish a "diversified cryptocurrency vault" with an initial scale of $100 million, targeting Bitcoin, Ethereum, and Solana [2] - Following the announcement, the stock price skyrocketed, but the SEC's intervention indicates potential market manipulation [2] Group 2: Smart Digital Group Ltd. (SDM.US) - The SEC also suspended trading of Smart Digital Group Ltd. for similar reasons related to stock price manipulation [2] - The company had announced plans to create a "diversified cryptocurrency asset pool" focused on Bitcoin and Ethereum, but its stock price has since declined [2] Group 3: Etoiles Capital (EFTY.US) - The SEC decided to suspend trading of Etoiles Capital Group Co., Ltd. due to signs of market manipulation through social media recommendations [5] - The company went public on August 8 with an IPO price of $4 per share, raising $5.6 million, and its stock price has risen to $15, giving it a market cap of $300 million [5] Group 4: Pitanium Limited (PTNM.US) - The SEC suspended trading of Pitanium Limited based on similar concerns of market manipulation via social media [7] - The company completed its IPO on May 30 at $4 per share, raising $7 million, and its stock price has increased to $10.39, resulting in a market cap of $239 million [7] Group 5: Platinum Analytics (PLTS.US) - The SEC suspended trading of Platinum Analytics due to indications of market manipulation through social media recommendations [11] - The company went public on September 19 with an IPO price of $4, raising $8 million, and its stock price has risen to $17.5, leading to a market cap of $316 million [11]