SEC
Total 24 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.
Several Days Are Left Before the TON Launch, and Investors Do Not Know Anything About Durov’s Project
New York-licensed attorney at Buzko Legal, Evgeny Krasnov, explains that the deadline on April 30 is conditional because it has already been moved at least once. Telegram may once again try to negotiate with investors and postpone the launch to a later date.
Four Scenarios of What Will Happen If TON Loses the Case Against the SEC
We’ve been following the development of TON for almost half-year. And now, this story is nearing its end. Only time will tell whether the Telegram team will be able to launch TON or not.
Many TON Investors Are Ready to Get Their Money Back, Says the Head of Crypto Investment Bank HASH CIB
At least ten investors of the TON project are going to get their investments back. Telegram can still register a deal with the SEC and recognize Gram as security, but this process requires at least a year.
The Southern District Court of New York Granted the SEC Request Against TON
Telegram will most likely lose the case in court, and Durov's company will be obliged not only to return the money but also to pay a fine. The final verdict will be issued on April 30.
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.
