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SEC charges podcaster in first unregistered securities sales claim against NFT offering

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Impact Theory, a company that produces educational and entertainment content, has agreed to an SEC cease-and-desist order over sales of one of its NFT suites.

a media and entertainment company with conducting unregistered securities sales when it sold nonfungible tokens to investors between October and December 2021.

The company “encouraged potential investors to view the purchase of a Founder’s Key as an investment into the business,” according to the SEC, and:

 

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