A United Arab Emirates cryptocurrency firm caught in an FBI “wash trading” sting operation won’t operate in the US market anymore and will pay more than $428,000 to settle Securities and Exchange Commission claims.
CLS Global FZC LLC will pay a $425,000 civil penalty and disgorge $3,000, after the US District Court for the District of Massachusetts approves the consent motion for final judgment filed Tuesday.
CLS Global will plead guilty to one count of conspiracy to commit market manipulation and wire fraud and one count of wire fraud before the same judge to resolve parallel criminal charges. If its ...
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