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Overstock Served Two More SEC Subpoenas In December
Summary: Overstock, the bitcoin-friendly retail company and the parent of security token marketplace tZERO, was hit with two more subpoenas from the Securities and Exchange Commission (SEC) at the end of last year. According to Overstock’s annual report filed with the SEC on March 13, the company received their latest subpoenas in December. Those subpoenas came after ...
Overstock, the bitcoin-friendly retail company and the parent of security token marketplace tZERO, was hit with two more subpoenas from the Securities and Exchange Commission (SEC) at the end of last year.
According to Overstock’s annual report filed with the SEC on March 13, the company received their latest subpoenas in December. Those subpoenas came after one filed by the SEC two months earlier, which immediately caused the company’s stock price to drop by 17%.
One of the two Subpoenas requested documents related to Overstock’s purchase of tZERO tokens by GSR. The other Subpoena was related to Overstock’s “insider trading policies as well as certain employment and consulting agreements.”
By Janelle Fox
Tags: Bitcoin,Overstock,SEC,Subpoenas,TZERO
Link: Overstock Served Two More SEC Subpoenas In December [Copy]
