Civil Penalties Loom as SEC Pursues Consensys for Securities Violations
by SEC vs. the WorldJuly 9th, 2024
Too Long; Didn't Read
The SEC, invoking federal securities laws, seeks a permanent injunction, civil penalties, and other equitable relief against Consensys for its alleged misconduct in operating unregistered brokerage services and conducting unregistered securities sales via MetaMask platforms.
SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 3 of 26.
NATURE OF THE PROCEEDINGS AND RELIEF SOUGHT
16. The Commission brings this action pursuant to the authority conferred upon it by Securities Act Sections 20(b) and 20(d) [15 U.S.C. §§ 77t(b) and 77t(d)], and Exchange Act Section 21(d) [15 U.S.C. § 78u(d)].
17. The Commission seeks a final judgment: (a) permanently enjoining Defendant from violating the federal securities laws this Complaint alleges it has violated; (b) ordering Defendant to pay civil money penalties pursuant to Securities Act Section 20(d) [15 U.S.C. § 77t(d)] and Exchange Act Section 21(d)(3) [15 U.S.C. § 78u(d)(3)]; and (c) ordering any other and further relief, including equitable relief and other relief pursuant to Exchange Act Section 21(d) [15 U.S.C. § 78u(d)], the Court may deem just and proper.
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