The US Securities and Exchange Commission (SEC) has filed a lawsuit against the founder and two employees of Chicago Crypto Capital over the sale of unregistered cryptocurrencies.
SEC In a statement published on its official website on September 14, the founder of Chicago Crypto Capital Brian Amoah and company salespeople Darcas Oliver Young and To Elbert Elliott, Not registered with the SEC BXY tokens their sales and investors during the sale. they were misinformed announced that a lawsuit has been filed.
Cryptocurrency exchange by notification beach, It has hired Chicago Crypto Capital as the issuer in offering its local cryptocurrency BXY to the IPO. Under the agreement, Beaxy 5 cents your sale 3 cents to Crypto Capital commission as paid. Defendants 1.5 million for 100 people Sold $7 worth of BXY tokens. However, the issuing institution has a broker license. didn’t have and the supply of BXY token not registered.
At this point, the SEC has decided that Chicago Crypto Capital has given inexperienced investors during the offering. incomplete and misleading information and that some investors sell their cryptocurrencies. did not deliver He claimed. Regulator gave Crypto Capital in violation of Securities law unregistered brokerage and fraud filed a lawsuit. SEC on defendants injunction and fine wanted.