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Three Defendents In TI's 2017 ICO Suit Settle With The US Securities And Exchange Commission
Summary: The US Securities and Exchange Commission has ordered promoters of entertainer TI's 2017 initial coin offering to pay $103k in penalties, as reported by Law360. In September, the SEC charged defendants Chance White, Owen Smith and William Sparks with securities law violations and for boosting the FLIK coin without disclosing their ties. The three defendents ...
The US Securities and Exchange Commission has ordered promoters of entertainer TI's 2017 initial coin offering to pay $103k in penalties, as reported by Law360.
In September, the SEC charged defendants Chance White, Owen Smith and William Sparks with securities law violations and for boosting the FLIK coin without disclosing their ties. The three defendents agreed to a settlement deal on Tuesday without accepting or denying wrongdoing.
All three defendants are barred from dealing with digital securities for the next five years and are barred from future securities violations.
By Emily Mason
Tags: FLIK,SEC,Securities and exchange commission,Securities Violations,TI
Link: Three Defendents In TI's 2017 ICO Suit Settle With The US Securities And Exchange Commission [Copy]
