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SEC.gov | Michael Blumer, John Kuprianchik, David Page, Steven Thompson, Joseph Todaro sec.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sec.gov Daily Mail and Mail on Sunday newspapers.
River Valley middle/high principal chosen, all-grades school toured harborcountry-news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from harborcountry-news.com Daily Mail and Mail on Sunday newspapers.
The Securities and Exchange Commission charged Jersey City-based BlockFi Lending LLC on Feb. 14 “with failing to register the offers and sales of its retail crypto lending product,” according to the SEC. ....
<p><span>The Securities and Exchange Commission today charged BlockFi Lending LLC (BlockFi) with failing to register the offers and sales of its retail crypto lending product. In this first-of-its-kind action, the SEC also charged BlockFi with violating the registration provisions of the Investment Company Act of 1940. To settle the SEC’s charges, BlockFi agreed to pay a $50 million penalty, cease its unregistered offers and sales of the lending product, BlockFi Interest Accounts (BIAs), and attempt to bring its business within the provisions of the Investment Company Act within 60 days. BlockFi’s parent company also announced that it intends to register under the Securities Act of 1933 the offer and sale of a new lending product. In parallel actions announced today, BlockFi agreed to pay an additional $50 million in fines to 32 states to settle similar charges.</span></p> ....