SEC Requests Court to Halt Consensys and Impose Fines Over Staking Program Violations by@secagainsttheworld
SEC Requests Court to Halt Consensys and Impose Fines Over Staking Program Violations
by SEC vs. the WorldJuly 10th, 2024
Too Long; Didn't Read
The SEC requests the court to issue a final judgment against Consensys, including a permanent injunction against further violations of Securities Act and Exchange Act provisions, imposition of civil monetary penalties, and any other necessary relief to protect investors.
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 25 of 26.
PRAYER FOR RELIEF
WHEREFORE, the Commission respectfully requests that the Court enter a Final Judgment:
I.
Permanently enjoining Defendant and its agents, servants, employees and attorneys and all persons in active concert or participation with any of them from violating, directly or indirectly, Securities Act Sections 5(a) and (c) [15 U.S.C. §§ 77e(a), 77e(c)] and Exchange Act Section 15(a) [15 U.S.C. § 78o(a)].
II.
Ordering Defendant to pay civil monetary penalties under 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
III.
Granting any other and further relief this Court may deem appropriate or necessary for the benefit of investors pursuant to Section 21(d)(5) of the Exchange Act [15 U.S.C. § 78u(d)(5)].
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