SEC Charges Crypto Companies TrustToken and TrueCoin With …
WEB5 days ago · TrueCoin has agreed to pay disgorgement of $340,930 with prejudgment interest of $31,538. The settlements are subject to court approval. The SEC’s investigation, which is ongoing, was conducted by Michael C. Baker, Michael Friedman, Pasha Salimi, and Bryan Hsueh. The matter was supervised by …
TrustToken, TrueCoin Settle With SEC Over Fraud Accusations in ...
WEB4 days ago · The companies agreed to pay $163,766 each in fines, and TrueCoin will return nearly $400,000 in profits and interest, assuming a federal court approves the settlement.
TrueCoin and TrustToken reached a settlement with the US SEC …
WEB4 days ago · TrustToken and TrueCoin falsely claimed that stablecoin (TUSD) was fully backed by US dollars while investing in risky offshore funds. Pending court approval, each faces civil penalties of $163,766.
SEC Fines and Settles Charges Against TrueCoin ... - Morningstar
WEB4 days ago · Global News Select SEC Fines and Settles Charges Against TrueCoin, TrustToken Over Cryptocurrency Activity ... TrueCoin agreed to pay disgorgement of $340,930 with prejudgment interest of $31,538 ...
TrustToken, TrueCoin settle with SEC over TUSD allegations
WEB5 days ago · The Securities and Exchange Commission announced a settlement with TrustToken and TrueCoin for defrauding investors regarding TrueUSD. As part of the settlement, the two will pay $163,000 each, with TrueCoin paying a disgorgement of $340,000. Neither confirmed nor denied the SEC’s findings.
SEC settles charges against TrueCoin, TrustToken over TrueUSD
WEB4 days ago · TrueCoin will also pay a disgorgement of $340,930 with prejudgment interest of $31,538. The settlements are subject to court approval. The SEC complaint against TrueCoin and TrustToken Source: Pacer
SEC Charges TrustToken And TrueCoin With Fraud And ... - Benzinga
WEB4 days ago · Each company will pay a civil penalty of $163,766, with TrueCoin additionally agreeing to pay disgorgement of $340,930 plus $31,538 in prejudgment interest. The settlements are pending court approval.
Crypto firms TrueCoin, TrustToken charged by SEC with fraud
WEB4 days ago · The U.S. Securities and Exchange Commission settled charges against cryptocurrency firms TrueCoin LLC and TrustToken Inc. for their allegedly fraudulent and unregistered sales of investment ...
SEC Fines and Settles Charges Against TrueCoin, TrustToken Over ...
WEBTrueCoin agreed to pay disgorgement of $340,930 with prejudgment interest of $31,538, the SEC added. The SEC's complaint alleged that from November 2020 until April 2023, …
SEC Reaches Settlement with TrueCoin and TrustToken Regarding …
WEBThe United States Securities and Exchange Commission (SEC) has settled charges against TrueCoin and TrustToken for fraudulent and unregistered sales of investment contracts …
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