Thor Technologies and founder David Chin face an SEC defeat for selling unregistered crypto securities. A default judgment was issued by a San Francisco court on Oct. 18.
Thor Technologies has been instructed to pay a sum of $903,193.06, which encompasses a disgorgement of $744,555, and prejudgment interest amounting to $158,638.06.Thor Technologies, under the leadership of its founder David Chin, has faced a legal setback in an ongoing dispute with the U.S. Securities and Exchange Commission over the unapproved sale of $2.6M in crypto asset securities.was issued against Chin and Thor by a San Francisco district court on Wednesday, Oct.18.
Furthermore, the SEC asserted that both Chin and Thor provided investors with inaccurate and deceptive information concerning the project's advancements, collaborations and income. In April 2019, following theirdue to regulatory obstacles, Chin assured investors of repayment while devising a strategy. Despite this commitment by Chin, the SEC found that he did not reimburse any funds to investors but instead redirected some earnings into his personal bank account.
Additionally, permanent injunctions have been enforced against Chin and Thor, preventing their involvement in any future offerings of crypto asset securities. Notably, Chin retains the freedom to buy or sell securities for his personal account.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
BandLab Technologies, Universal Music Strike Strategic AI Collaboration“This collaboration is designed to be a beacon of innovation and ethical practice in the industry,” reads a statement.
Consulte Mais informação »
Reviews For The Easily Distracted: Thor: Love And ThunderTitle: Thor: Love and Thunder Describe This Movie Using One Thor: Ragnarok Quote: KORG: It sounds like you had a pretty special and intimate relationship with this hammer, and that losing it was almost comparable to losing a loved one. Brief Plot Synopsis: God of thunder (and rock and roll) loves,...
Consulte Mais informação »
Thor: Ragnarok Writer Developing Hawk Animated SeriesThor: Ragnarok writer Christopher Yost is working on an animated Hawk series for Wattpad Webtoon Studios.
Consulte Mais informação »
'Loki' Sees Thor and Odin in Episode 3 Sneak PeakTom Hiddleston's Loki spots Thor and Odin in a new sneak peek at Episode 3, set at the Chicago World's Fair.
Consulte Mais informação »
The MCU Retcons An 11-Year-Old Avengers Lie, Changing Thor's Origin12 years after Chris Hemsworth's Thor debuted in the MCU, Marvel just dropped a bombshell that changes the God of Thunder's claims about his past.
Consulte Mais informação »
Orica upgrades its electronic blasting technologies to improve performance and usabilityMelbourne, Australia (ASX: ORI) Customers of Orica’s eDev™ II and uni tronic™ 600 electronic blasting systems are set to experience more efficient and productive operations. The updated eDev™ II and uni tronic™ 600 Electronic Blasting Systems (EBS) have been integrated with the field-proven Blaster 3000 currently used with the i-kon™ III System.
Consulte Mais informação »