Action against Respondents, an unregistered broker-dealer and its two operators, for the alleged online sale and advertisement of unregistered securities in the form of digital tokens.  The SEC alleges that Respondents solicited and executed digital token orders during initial coin offerings and additionally sold digital tokens for trading on secondary markets.  According to the SEC, Respondents failed to make required registrations as a broker-dealer.  Respondents have agreed to pay, jointly and severally, disgorgement of $471,000 and prejudgment interest of $7,929.  In addition, each of the individual Defendants has agreed to pay a civil penalty of $45,000.

SEC Order 

SEC Press Release