The Securities and Exchange Commission (SEC) has imposed a fine of $800,000 on blockchain-based alternative trading platform (ATS) tZERO for engaging in non-market trading.
SEC by on Monday, January 10 According to the published statement, it was stated that tZERO company made a number of mistakes in the filing of the relevant statements.
Alternative trading platform (ATS) tZERO, which has different filing requirements than other stock exchanges, did not disclose some changes in its operations within the time allowed under the agreement rules. These include the company’s non-US trade Information about the Singapore-based company Blue Ocean Financial Technology, which it acquired in 2017, the publication of tZERO’s security token pricing on a broker platform in which the company is a participant, and the way the platform controls user access such as information.
by the SEC to the decision by tZERO company to pay SEC $800,000 fine without accepting or rejecting findings and The company will be banned from activity if it repeats violations in the future..