BlockFi Lending LLC: $50M Fine

Administrative Order by the U. S. Securities and Exchange Commission that it has imposed a fine of $50 million on BlockFi Lending LLC, a New Jersey-based crypto lender, for regulatory breaches, including “material misrepresentation” and operating as “an Unregistered Investment Company”.

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Pages: 14

Topic: Crypto, Investment, Regulatory

Allegation: Fraud, Unlicensed/Unregistered

Date: February 14, 2022

Defendant(s)/Respondent(s): BlockFi Lending LLC

Plaintiff(s)/Applicant(s): Securities and Exchange Commission

Topics

Unlicensed/Unregistered

[ 1 more... ] [ top 5 ]

Keywords

BlockFi

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