U.S. Ohio joins $22.5M multistate settlement against crypto lender Nexo

02/28 23:45

According to Coindesk, the Ohio Division of Securities has joined a $22.5 million settlement against crypto lender Nexo, it said Tuesday. The North American Securities Administrators Association and the U.S. Securities Exchange Commission (SEC) announced in January the settlement reached with the Cayman Islands-based company. The agreement was the result of a working group of state securities regulators that investigated Nexo's Earn Interest Product (EIP), where the company had told investors they can passively earn interest on digital assets. Nexo allegedly failed to comply with state securities registration requirements and deprived investors of the important information necessary to "understand and evaluate the risks of investing in the EIP," according to the Ohio regulator’s press release. Nexo has agreed to pay $22.5 million to settle allegations with Ohio and other U.S. states as well as the District of Columbia, Puerto Rico and the U.S. Virgin Islands. It will stop offering the EIP in Ohio until that product is "properly qualified for sale," the press release said. In total Nexo owes state regulators and the SEC $45 million.
bullishbullishbullish看漲bearishbearishbearish看跌按讚分享
免責聲明以上內容不代表 HTX 的任何立場HTX 不為任何交易提供相關決策建議

相關文章

  • Image

    Nexo (NEXO) Price Prediction 2026, 2027-2030

  • Image

    Crypto Lender Nexo Returns To US Market After Three-Year Hiatus And $45 Million Fine

  • Image

    Nexo Hit With $500K California Fine Over ‘Unlawful’ Loan Practices

全部評論0最新熱門

avatar
最新熱門

相關文章

  • Image

    Nexo (NEXO) Price Prediction 2026, 2027-2030

  • Image

    Crypto Lender Nexo Returns To US Market After Three-Year Hiatus And $45 Million Fine

  • Image

    Nexo Hit With $500K California Fine Over ‘Unlawful’ Loan Practices