SEC-PR-2024-79 (JUN. 28, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-79 Download: SEC-PR-2024-79 ⊗ (PDF) PRESS RELEASE | 2024-79 SEC Charges Consensys Software for Unregistered Offers and Sales of Securities Through Its MetaMask Staking Service. Company Also Charged for Operating as an Unregistered Broker. Washington D.C., June 28, 2024 — The Securities and Exchange Commission today charged Consensys Software Inc. […]
Category: UNREGISTERED OFFERINGS
Unregistered Offerings refer to the sale of securities that are not registered with the Securities and Exchange Commission (SEC) or another regulatory body, as required by securities laws. These offerings typically occur in private placements or other transactions exempt from registration under specific provisions of securities regulations. The legal consequences of conducting unregistered offerings can be significant, including civil and criminal penalties such as fines, injunctions, and potentially imprisonment for those involved in fraudulent activities. Investors in unregistered offerings may also face risks due to reduced disclosure requirements, making it crucial for issuers and participants to ensure compliance with applicable securities laws and regulations to avoid regulatory enforcement actions and protect investor interests.
SEC-PR-2024-37 (MAR. 19, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-37 Download: SEC-PR-2024-37 ⊗ (PDF) PRESS RELEASE | 2024-37 Genesis Agrees to Pay $21 Million Penalty to Settle SEC Charges Washington D.C., March 19, 2024 — The Securities and Exchange Commission today announced that Genesis Global Capital, LLC agreed to a final judgment ordering it to pay a $21 million […]
SEC-PR-2024-16 (FEB. 7, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-16 Download: SEC-PR-2024-16 ⊗ (PDF) PRESS RELEASE | 2024-16 SEC Charges TradeStation Crypto for Unregistered Offer and Sale of Crypto Asset Lending Product. Florida-based company agrees to settle charge concerning interest feature on crypto asset accounts Washington D.C., Feb. 7, 2024 — The Securities and Exchange Commission today announced charges […]
SEC-PR-2024-11 (JAN. 29, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-11 Download: SEC-PR-2024-11 ⊗ (PDF) PRESS RELEASE | 2024-11 SEC Charges Founder of $1.7 Billion “HyperFund” Crypto Pyramid Scheme and Top Promoter with Fraud. Promoter Brenda Chunga (aka Bitcoin Beautee) agrees to settle fraud and unregistered offering charges. Washington D.C., Jan. 29, 2024 — The Securities and Exchange Commission today […]