All of the Laws Do Kwon and Terraform Labs Violated by@secagainsttheworld

All of the Laws Do Kwon and Terraform Labs Violated

by SEC vs. the WorldOctober 5th, 2023
Read on Terminal Reader
Read this story w/o Javascript
tldt arrow

Too Long; Didn't Read

A list of all of the laws Do Kwon and Terraform Labs allegedly violated.

People Mentioned

Mention Thumbnail
featured image - All of the Laws Do Kwon and Terraform Labs Violated
SEC vs. the World HackerNoon profile picture

SEC v. Terraform Court Filing, retrieved on February 16, 2023, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This is part 2 of 38.


10. As a result of the conduct alleged in this Complaint, Defendants violated the securities offering registration provisions of the federal securities laws, namely Section 5(a) and 5(c) of the Securities Act of 1933 ("Securities Act"), 15 U.S.C. § 77e, along with certain security-based swap provisions of the federal securities laws, specifically,

Section 5(e) of the Securities Act, 15 U.S.C. § 77e, and Section 6(1) of the Securities Exchange Act of 1934 ("Exchange Act"), 15 U.S.C. § 78f(1). Specifically, Defendants offered and sold crypto asset securities to investors without registering the offers and sales with the SEC as required by the federal securities laws.

Defendants further violated the federal securities laws by offering, selling, and effecting transactions in securities-based swaps, in the form of "mAssets" based on the value of underling equity securities, to non-eligible contract participants in transactions that were not executed on a national securities exchange and without having an effective registration statement filed with the Commission covering the offer and sale.

11. Defendants' conduct set forth in this Complaint also violated the antifraud provisions of federal securities laws, Section 17(a) of the Securities Act, 15 U.S.C. § 77q(a), Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, 15 U.S.C. § 78j(b) and 17 C.F.R.§ 240.10b-5, along with Section 20(a) of the Exchange Act, 15 U.S.C. § 78t(a).

12. Unless restrained and enjoined, Defendants will continue to violate the federal securities laws.

Continue Reading Here.

About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings.

This court case 1:23-cv-01346 retrieved on September 12, 2023, from is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction.