Law360 (February 17, 2021, 8:02 PM EST) — The legal professional normal of New York and the U.S. Securities and Trade Fee filed complaints Wednesday towards a cryptocurrency buying and selling platform that they allege bought unregistered securities, amongst different violations.
The grievance filed by Legal professional Basic Letitia James within the Supreme Court docket of the State of New York costs Coinseed Inc. and two of its high executives with buying and selling commodities with out being registered broker-dealers in New York, and for defrauding buyers out of roughly $1 million.
The corporate additionally didn’t disclose some charges it levied for buying and selling digital currencies and duped buyers into buying its now “nugatory” cryptocurrency by asserting…
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