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tldr; The US Securities and Exchange Commission (SEC) has taken action against two firms and four individuals allegedly perpetrating a crypto pump-and-dump scheme. The two companies are Bermuda-based Arbitrade Ltd. and Canadian firm Cryptobontix Inc. The other defendants are their principals and Max Barber, founder and sole owner of SION Trading. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*