in

U.S. Judge Signs Off on $4.5B Terraform-Do Kwon Settlement With SEC

“This case affirms what court after court has said: The economic realities of a product — not the labels, the spin, or the hype — determine whether it is a security under the securities laws,” said SEC Chair Gary Gensler in a Thursday press release. “Terraform and Do Kwon’s fraudulent activities caused devastating losses for investors, in some cases wiping out entire life savings. Their fraud serves as a reminder that, when firms fail to comply with the law, investors get hurt. Terraform and Kwon fought our efforts to investigate – taking a fight over investigative subpoenas all the way to the Supreme Court. Thankfully, with this settlement, the victims of their massive fraud will now get some justice.”

Read More

What do you think?

Written by admin

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Assured Spot Ether ETF Approval Fails to Stir Slumping Crypto Market

Assured Spot Ether ETF Approval Fails to Stir Slumping Crypto Market

Former Goldman Sachs Exec Joins Anchorage Digital’s Board of Directors

Former Goldman Sachs Exec Joins Anchorage Digital’s Board of Directors