Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product
According to the SEC, around June 2020, Nexo started to offer the company’s Earn Interest Product , an interest-earning product that allows investors to earn interest on deposited crypto assets. The U.S. regulator, “the EIP is a security and that the offer and sale of the EIP did not qualify for an exemption from SEC registration.”
🇺🇸 regulators r here to make money Guarding no investors as far as I remember
SEC are crooks! Corrupt regulation, just looking for a payout. Money goes straight into the pockets of a few.
I don't understand, if a crypto platform does something wrong, why they pay SEC? Should not go this money to the people...
If they're paying, it means they actually did something wrong.
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The last thing they could do
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