UTC-05:00,Saturday , January 25th 2020

SEC Engages In Settlement Talks With Crypto “Guru” Reginald Middleton

07:24 Wednesday , October 09th 2019
About two months after the United States Securities and Exchange Commission (SEC) launched an action against self-described financial guru Reginald Middleton and his companies Veritaseum, LLC and Veritaseum, Inc., the regulator has confirmed it is engaged in settlement talks with the defendants.
In this lawsuit, the defendants are alleged to have raised $14.8 million in an ICO in 2017 by making material misrepresentations and omissions about the unregistered securities they offered: digital assets called “VERI Tokens,” “VERI,” or “Veritas.”
The SEC notes that the Offering was illegal, as there was no registration statement filed or in effect for the offers and sales of VERI, and no exemption from registration applied.
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