The Commission on securities and stock exchanges of the USA (SEC) has decided to fine established in 2017 in Delaware company CoinAlpha Advisors LLC (CoinAlpha) $50K to offer investors the unregistered securities. CoinAlpha were able to attract 22 investors $608,491 to invest in digital assets using the Fund CoinAlpha Falcon LP, but didn’t register it properly and did not comply with the procedure for KYC policy.
While after with the company in October of this year, contacted by the SEC, she held up the proposal with the involvement of the contractor checked whether her clients are accredited investors, revised posted on website and social media materials, and working procedures on its own initiative returned all money to investors.
Thus, CoinAlpha not admitted nor denied guilt, but through cooperation with the regulator during the investigation or face sanctions, which are discussed with the SEC. The company is obliged to pay the awarded her the fine within 10 days and to stop the violation of the requirements of the securities act.
Earlier, the SEC has forced startups Airfox and Paragon to register tokens as securities, to pay a fine of $250 thousand, and to return funds to injured investors. In addition, she accused the founder of the decentralized crypto currency exchange EtherDelta Coburn Zachary (Zachary Coburn) in the control is not passed official registration of the exchange securities. Coburn agreed to return in favor of the United States derived a profit of $300 thousand, interest for the period prior to judgment in the amount of $13 thousand and $75 thousand as a penalty.
Recently the SEC charged the professional boxer Floyd Mayweather (Floyd Mayweather Jr) and hip-hop artist DJ Khaled is that they did not disclose payments received for promoting investment in ICO. Mayweather, will pay the regulator a penalty of $300 thousand and $14775 per cent, and DJ Khaled respectively, $100 thousand and $2775.
And in the case of ICO Blockvest controller could not win because the court decided that the SEC is not enough legal grounds to tokens project was recognized as securities.
Source
