SEC Issues Cease And Desist Against Bitcoin Investment Trust
The Securities and Exchange Commission (SEC) has ordered Bitcoin Investment Trust (BIT) and an authorized participant, SecondMarket, to cease and desist violating securities law. The commission has levied a fine against SecondMarket. The companies have agreed to the cease and desist order, according to an SEC administrative proceeding. The SEC has required SecondMarket to pay disgorgement […]
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