11
CoinCake - Crypto Currency Tracker logo CoinCake - Crypto Currency Tracker logo
cryptonews 2023-01-20 12:04:00

Crypto Firm Nexo Pays Out $45 Million in Settlement with SEC, Shutters Lending Product

Crypto lending company Nexo has agreed to pay a total of $45 million to US regulators to settle claims that it failed to register the sale of its Earn Interest Product (EIP). According to two separate statements by the US Securities and Exchange Commission and the North American Securities Administrators Association, Nexo has agreed to pay a $22.5 million penalty to each of these regulators, or a total of $45 million to settle charges that it violated investor-protection laws.... Read More: Crypto Firm Nexo Pays Out $45 Million in Settlement with SEC, Shutters Lending Product

N/A
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.