QMMM Holdings Faces SEC Investigation Amid Stock Manipulation Allegations

According to BlockBeats, U.S. Nasdaq-listed company QMMM Holdings (NASDAQ:QMMM) announced plans on September 9, 2025, to establish a $100 million cryptocurrency reserve, leading to a 9.6-fold increase in its stock price over three weeks. However, by the end of September, the U.S. Securities and Exchange Commission (SEC) suspected the company of using social media platforms to manipulate its stock price, resulting in a suspension of trading from September 29. The suspension remains in effect. A visit to QMMM's Hong Kong headquarters on October 16 revealed that the office was deserted. Nearby company employees indicated that QMMM had relocated in September, but the new location remains unknown. Reports state that QMMM was listed on Nasdaq in July 2024, with its registration in the Cayman Islands as a holding company. It operates two subsidiaries, Manymany Creations and Quantum Matrix, which focus on media and animation production. Both are registered near the Tin Hau MTR station in Hong Kong, with business types listed as "advertising and market research."