The SEC wants Do Kwon and Terraform Labs to give back the money with interest and to prohibit them from participating in the selling of crypto asset securities.
SEC v. Terraform Court Filing, retrieved on February 16, 2023, is part of . You can jump to any part in this filing . This is part 3 of 38. HackerNoon’s Legal PDF Series here NATURE OF PROCEEDINGS AND RELIEF SOUGHT 13. The Commission brings this action pursuant to the authority conferred upon it by Section 20 of the Securities Act, 15 U.S.C. § 77t, and Section 21 of the Exchange Act, 15 U.S.C. §§ 78u. 14.
The Commission seeks a final judgment: ordering permanent injunctions restraining and enjoining Defendants from again violating the federal securities laws described herein; ordering Defendants to pay disgorgement with prejudgment interest; ordering Defendants to pay civil money penalties; and prohibiting Defendants from participating, directly or indirectly, in the purchase, offer, or sale of any crypto asset security, or engaging in activities for purposes of inducing or attempting to induce...
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