The SEC Explicitly State That Do Kwon Is Liable for Violations of the Exchange Act by@secagainsttheworld
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The SEC Explicitly State That Do Kwon Is Liable for Violations of the Exchange Act
by SEC vs. the WorldOctober 20th, 2023
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The SEC explicitly states that Do Kwon is liable for violations of the Exchange Act because he was the control person of Terraform.People Mentioned
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 33 of 38.
THIRD CLAIM FOR RELIEF
Control Person Liability under Section 20(a) of the Exchange Act for Violation of Section 10(b) of the Exchange Act and Rule 10b-5 Thereunder
179. The Commission re-alleges and incorporates by reference the allegations contained in paragraphs 1 through 172.
180. Kwon is, or was, directly or indirectly, a control person of Terraform for purposes of Exchange Act Section 20(a), 15 U.S.C. § 78t(a). 181. As a control person of Terraform, Kwon is jointly and severally liable with and to the same extent as the controlled entity for its violations of Section 10(b) of the Exchange Act and Rule 10b-5 thereunder.
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This court case 1:23-cv-01346 retrieved on September 12, 2023, from sec.gov 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.
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