PANews reported on November 3rd that according to CoinGape, former US SEC official Marc Fagel expressed concerns about the SEC's recent Wells Notice to Immutable, a Web3 gaming company based on Ethereum. Marc Fagel said that there was no communication or explanation before the Wells Notice was issued, which is very different from the usual more extensive investigation procedures. This approach may be "risky." Usually, companies need to go through several months of interviews or exchanges before receiving a Wells Notice.