SEC Charges Three Media Companies with Illegal Offerings of Stock and Digital Assets
Retrieved on:
Monday, September 13, 2021
Fair Fund, Security (finance), Human voice, Saraca, U.S. Securities and Exchange Commission, YouTube, Commission, GTV, British Columbia Securities Commission, Twitter, Securities Act of 1933, Arizona Corporation Commission, Social media, SEC, South Carolina Law Enforcement Division, Financial adviser
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.