Total 13 Posts
SEC stands for the U.S. Securities and Exchange Commission. It’s an independent federal government agency that is responsible for enforcing the federal securities laws and regulating the industry. The SEC protects investors from fraudulent practices. Therefore, before being sold to investors, issues of securities must be registered with the Securities and Exchange Commission.

The SEC Has Additional Arguments Against Telegram

Former Telegram Chief Investment Adviser John Hyman swore testimony from the US Securities and Exchange Commission (SEC). The obtained information can be used against Durov, Telegram Group Inc., and TON Issuer Inc.

TON Investors Asked the Court Not to Disclose the List of Their Names

Investors asked the court to prevent the disclosure of the names. The court may make exceptions if this data is not important for the outcome of the case.

SEC Against Telegram: A Third Party May Appear in the Court

While the litigation between the US SEC and Telegram is in full swing, it became known that the Chamber of Digital Commerce wants to intervene as a third independent party.

Telegram and the SEC Require to Expedite Their Case. Both Sides Published Their Positions

The Telegram Group and the SEC appealed to the United States District Court for the Southern District of New York with a request to expedite their case, while also announcing their positions.

The Court Attacks Telegram Again: The Court Ordered Telegram to Disclose Pre-ICO Financial Information by February 26

The US District Court made the final decision and will not extend the deadline for submitting financial documents. Telegram has time to provide required materials until February 26.

SEC Filed Invoices of Telegram Token Sale After Pre-ICO to the Court

The SEC provided evidence of Telegram tokens sales after the pre-ICO, which Telegram refused to give earlier. Now, Telegram says that it will most likely not have time to provide the SEC with the required information before the next hearing.

The Court Rejected the SEC Attempt to Obtain Financial Data From Telegram

The New York Southern District Court denied the Securities and Exchange Commission's (SEC) emergency request to get complete bank records from Telegram token sales.