SEC Slaps Crypto Firm with $50,000 Fine for Selling Unregistered Securities

SEC Slaps Crypto Firm with $50,000 Fine for Selling Unregistered Securities


The Securities and Exchange Commission (SEC) issued a cease-and-desist order against a crypto investment fund for distributing unregistered securities. The US securities regulator also slapped CoinAlpha Advisors LLC, a Delaware-based blockchain financial products company, with a $50,000 fine. According to the SEC order, CoinAlpha declined to register its business, which involved investing in and distribution

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Posted by Yashu Gola on December 8, 2018 @ https://www.ccn.com/sec-slaps-crypto-firm-with-50000-fine-for-selling-unregistered-securities/

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