Chicago Crypto Capital violated various securities laws by illegally selling unregistered securities to unsophisticated buyers between August 2018 and November 2019, the SEC says in a new lawsuit.
The US Securities and Exchange Commission alleges in a complaint filed in the US District Court for the Northern District of Illinois that CCC, company president Brian Amoah, and two salespeople raised $1.5 million through the illegal offers and sales.
The BXY crypto asset securities didn’t qualify for any exemption from the SEC’s registration requirement, and none of the defendants were registered securities brokers, the agency alleges.
Additionally, the individual defendants misstated ...
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