SEC: 'Primary strategist' in $27 million 'lucrative market manipulation' case plans to settle

“This week, Defendant Honig and the Commission staff reached an agreement in principle to settle the Commission’s claims for liability, " the SEC said in a motion.The SEC lready settled in full or in part with nine defendants, including Miami biotech billionaire Phillip Frost, according to court filings.

Florida businessman Barry Honig plans to settle charges brought by the Securities and Exchange Commission, the SEC said, in what it calledwhen the charges were announced. The SEC filed a motion on Friday afternoon requesting an extension of time. "This week, Defendant Honig and the Commission staff reached an agreement in principle to settle the Commission's claims for liability," the motion said.

Honig's company GRQ was also charged and is included in the proposed settlement. The extension of time was requested to allow the SEC to obtain "approval of a settlement in principle," according to the latest filing. Barry Honig, a venture capitalist and micro-cap investor, was once one of the largest investors in Riot Blockchain.The SEC charged 19 others along with Honig.

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