Action against Respondent, an entrepreneur and former registered representative, for alleged operation of an unregistered online cryptocurrency exchange.  According to the SEC, Respondent founded and later sold an exchange that allowed the purchase and sale of digital assets known as Ether and ERC20 tokens without registering the exchange or qualifying for an exemption from registration.  Respondent has agreed to pay disgorgement of $300,000, prejudgment interest of $13,000, and a civil penalty of $75,000.

SEC Order