QMMM Holdings, a Cayman Islands-incorporated firm, is under scrutiny by the U.S. Securities and Exchange Commission (SEC) for alleged stock price manipulation via social media. The SEC ordered a trading halt on September 29, following a dramatic 9.6x increase in QMMM's stock price after announcing a $100 million cryptocurrency reserve plan. Trading has not resumed since the halt. Recent reports reveal that QMMM's Hong Kong headquarters is vacant, with staff having relocated in September, though the new location remains undisclosed. The company, which went public on NASDAQ in July 2024, owns subsidiaries Manymany Creations and Quantum Matrix, focusing on media and animation production.