LA media company settles first SEC enforcement case over NFTs

SaltWire's Atlantic regional weather forecast for August 28, 2023 | SaltWireNEW YORK - A Los Angeles media company that billed itself as potentially"the next Disney" will pay $6.1 million to settle U.S. Securities and Exchange Commission charges it illegally raised nearly $30 million by conducting unregistered sales of non-fungible tokens.

Impact Theory allegedly raised $29.9 million by selling 13,921 Founder's Keys in late 2021, and received $978,000 of royalties from secondary sales. The SEC said Impact Theory also compared its NFTs with"handing to Mark Zuckerberg in his dorm room," referring to the billionaire Facebook co-founder.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

SEC probes Change Company over mortgage-backed securities sold to Wall Street(Reuters) - The US Securities and Exchange Commission (SEC) is probing The Change Company, a California lender that pledges to promote homeownership in ...
Herkunft: SaltWire Network - 🏆 45. / 63 Weiterlesen »