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Pocketinns Inc. Sued by the State of New Jersey for Selling Unregistered Securities
Summary: The blockchain-based online rental marketplace, Pocketinns Inc., has been accused by the state of New Jersey for selling unregistered securities. Pocketinns Inc. is accused of selling over $400,000 of unregistered securities as cryptocurrency, Pinn Tokens. Paul Rodriguez, acting director of the New Jersey Division of Consumer Affairs, released a statement in which he said, “By ...
The blockchain-based online rental marketplace, Pocketinns Inc., has been accused by the state of New Jersey for selling unregistered securities. Pocketinns Inc. is accused of selling over $400,000 of unregistered securities as cryptocurrency, Pinn Tokens. Paul Rodriguez, acting director of the New Jersey Division of Consumer Affairs, released a statement in which he said, “By failing to take reasonable steps to verify that purchasers were accredited investors capable of bearing the increased risks associated with unregistered securities, the defendants violated the law and exposed investors to financial losses that could have been devastating.”
Author: Sofia Cabrera
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Link: Pocketinns Inc. Sued by the State of New Jersey for Selling Unregistered Securities [Copy]
