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SEC imposes a penalty on CoinAlpha

SEC imposes a penalty on CoinAlpha

The U.S. Securities and Exchange Commission (SEC) slashed CoinAlpha Advisors LLC with a cease-and-desist order and with a penalty of $50,000. Reportedly, the company violated the securities law that restricts the sale of securities through interstate commerce or the mails unless authorized. The company repaid all fees collected and resigned rights of other future fees.

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