They’ve been fined $50,000.
The SEC has now issued cryptocurrency fund CoinAlpha with a $50,000 fine after allegedly selling unregistered securities.
The official order – published on Friday – states that CoinAlpha raised about $600,000 from 22 investors after establishing a fund in October 2017 to invest in digital assets. (via Coin Desk)
Investors reportedly purchased ‘limited partnership interests’ in the fund in exchange for a share of any profits gained from its digital asset investments.
Though CoinAlpha had filed a Notice of Exempt Offering of Securities in November of 2017, it was not granted
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