Forwarded from TON Info English
SEC and Telegram have agreed to a settlement
This follows from a letter to SEC judge Kevin Castelo, who led the case. A copy of the letter from The Bell. Telegram undertook to abide by the conditions issued by the Commission.
The court ordered the Telegram to return $1.22 bln buyers of tokens Gram.
The company gathered during ICO $1.7 billion.
Telegram (in the face of their companies Telegram Inc. TON and Issuers) have pledged not to violate the securities Act from 1933 in those parts, which, in the opinion of the SEC, was violated during the ICO.
Within three years, the Telegram shall within 45 days notify the SEC prior to release of certain digital assets.
Telegram will pay the SEC a fine of $18.5 million.
#courts
Translated using Yandex.API
This follows from a letter to SEC judge Kevin Castelo, who led the case. A copy of the letter from The Bell. Telegram undertook to abide by the conditions issued by the Commission.
The court ordered the Telegram to return $1.22 bln buyers of tokens Gram.
The company gathered during ICO $1.7 billion.
Telegram (in the face of their companies Telegram Inc. TON and Issuers) have pledged not to violate the securities Act from 1933 in those parts, which, in the opinion of the SEC, was violated during the ICO.
Within three years, the Telegram shall within 45 days notify the SEC prior to release of certain digital assets.
Telegram will pay the SEC a fine of $18.5 million.
#courts
Translated using Yandex.API