The SEC announced that Silvergate has agreed to pay a $50 million civil penalty without admitting or denying the charges. The SEC said it will also allege that Silvergate and its former CFO misled investors about the expected loss of securities sales following the crypto exchange FTX crash, and all the accused parties except Silvergate's former CFO have agreed to settle.
The SEC had reportedly sued the bank in federal court in Manhattan for "securities fraud," according to a filing on Monday, with several former Silvergate executives named as defendants.
SEC: Silvergate agrees to pay $50 million civil penalty for securities fraud charges
2024-07-01 21:37:37
US sec announcement non-admission denial accusation situation silvergatedesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
美SEC：Silvergate同意就证券欺诈指控支付5000万美元的民事罚款Next article：
美SEC已确认收到Hashdex纳斯达克加密指数US ETF的19b-4申请
