On September 18, 2019, the Securities and Exchange Commission filed its first civil suit alleging violations of broker-dealer registration requirements in U.S. digital asset markets.
In a case filed in the U.S. District Court for the Central District of California, the SEC alleged that Defendants ICOBox and its founder, Nikolay Evdokimov, illegally conducted an unregistered public securities offering for their 2017 initial coin offering, and have operated an unregistered brokerage service facilitating the launch of ICOs in digital asset securities since 2017.
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