Name: SEC fine only $9 million for selling 35 Billion shares with no license
Uploaded: 2022-09-26T16:59:29+00:00
Duration: 6 min 43 s
Description: Crown Bridge partners had no license to sell securities but were able to transact business from 2016 to 2020 with no license The converted the notes they had in to 35 Billion shares and sold them into

3 years ago

Crown Bridge partners had no license to sell securities but were able to transact business from 2016 to 2020 with no license The converted the notes they had in to 35 Billion shares and sold them into the market for a significant profit When the SEC finally calls them in to take their cut of the illegal profits the SEC gets only $9 million How is this a deterrent?

https://www.sec.gov/news/press-release/2022-135

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