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SEC Drops Disgorgement Request and Adjusts Fine for LBRY Due to Financial Constraints

SEC revises $22M punishment against LBRY, seeks $111K instead

The SEC has dropped its $22 million disgorgement request in its case against LBRY saying it acknowledges the firm can’t pay a large fine and is seeking just over $111,000 instead.

SEC Knocks LBRY s $22 Million Fine Down to $111K

In a surprising request filed recently, the SEC asked that the court of New Hampshire downsize the penalties imposed on LBRY, a decentralized content platform…

SEC Revises Punishment against LBRY, Reduces Fine by 95%

Identifying the inability of LBRY to pay a sum of $22M as penalty in violations of the securities laws, the SEC revised the penalty to $111K.

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