Saraca

SEC Charges Three Media Companies with Illegal Offerings of Stock and Digital Assets

Monday, September 13, 2021 - 2:04pm

The SEC also announced charges against GTV and Saraca for conducting an illegal unregistered offering of a digital asset security referred to as either G-Coins or G-Dollars.

Key Points: 
  • The SEC also announced charges against GTV and Saraca for conducting an illegal unregistered offering of a digital asset security referred to as either G-Coins or G-Dollars.
  • According to the SEC's order, from April through June 2020, the respondents generally solicited thousands of individuals to invest in the GTV stock offering.
  • "The remedies ordered by the Commission today, which include a fair fund distribution, will provide meaningful relief to investors in these illegal offerings."
  • The SEC appreciates the assistance of the Arizona Corporation Commission and the British Columbia Securities Commission.