Regulatory Alerts2023-03-17
Added · Updated
Consent Order No. CO-23-20236-S: Nexo Capital Inc.
Nexo Capital Inc. consents to a cease-and-desist order and agrees to pay $22,500,000 to resolve multistate investigations into its offer and sale of unregistered securities through the Earn Interest Product. The Respondent, which is not registered in Connecticut, must cease offering the product to U.S. investors and amend its terms to clarify that clients retain legal title to their assets. This settlement concludes proceedings across 53 jurisdictions, including Connecticut, regarding the unregistered nature of the digital asset interest accounts.
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