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Unregistered NFT Offering: SEC Charges Stoner Cats, Fines $1 Million
The Securities and Exchange Commission (SEC) has announced that Stoner Cats 2 LLC (SC2) is facing charges for conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs). The tokens were sold to raise funds for an animated web series titled Stoner Cats. The SEC's order revealed that this NFT offering raised approximately $8 million from investors.Marketing Emphasis on NFT Ownership BenefitsOn July 27, 2021, SC2 offered and sold over 10,000 NFTs, each...
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Posted: Sep 14 2023, 07:57
Author Name: financemagnates
Views: 112555