Loci Incorporation will have to destroy all the remaining tokens

[robertsmark]

Next Cause of Action

As part of the settlement, Loci Incorporation will have to destroy all the remaining tokens and remove them from all crypto exchanges. Additionally, Loci Incorporation has been oathed with the refrain from undertaking similar security offerings.

As it should be, Kristina Littman, Chief of the SEC Enforcement Division’s Cyber Unit, re-enforces that investors in digital asset securities are entitled to truthful information. In question to the matter, she answers,

“Loci and its CEO misled investors regarding critical aspects of Loci’s business. Investors in digital asset securities are entitled to truthful information and fulsome disclosures so they can make informed investment decisions.”


Source: MyCryptoParadise