Digital Asset Firm Nexo Capital Fined for Conducting Unregistered Security Offering
January 19, 2023
On January 19, 2023 the U.S. Securities and Exchange Commission issued an “Order Instituting Cease-and-Desist Proceedings Pursuant To Section 8a Of The Securities Act Of 1933, Making Findings, and Imposing a Cease-and-Desist Order” (“Order”) in the matter of Nexo Capital Inc.
The Order states that “Nexo offered and sold securities without a registration statement filed or in effect with the Commission and without qualifying for an exemption from registration. As a result, Nexo violated Sections 5(a) and 5(c) of the Securities Act.”
The full Order can be found here, Order.
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