⁠The U.S. SEC has issued a report on enforcement actions in 2019 that notes a number of cases the regulator initiated against digital asset-related firms

⁠The U.S. SEC has issued a report on enforcement actions in 2019 that notes a number of cases the regulator initiated against digital asset-related firms

Gate Trade News Thursday, November 7, 2019 29 17

The United States Securities and Exchange Commission (SEC) suspended securities trading of 271 issuers this year, including some digital assets.

 

The report notes a Nevada company that falsely claimed to have partnered with an SEC-qualified custodian for its crypto transactions and to offer an SEC-regulated token offering as an example.

 

The SEC also obtained 31 court-ordered asset freezes in 2019, up from 26 in 2018 over various misconducts.

 

The securities watchdog also collected more than $4.3 billion in disgorgement and penalties in 2019 with 862 enforcement actions, stating that nearly $1.2 billion was returned to harmed investors.