The Securities and Change Fee (SEC) introduced at the moment that it has charged Virginia- primarily based firm Boontech and its founder Rajesh Pav
The Securities and Change Fee (SEC) introduced at the moment that it has charged Virginia- primarily based firm Boontech and its founder Rajesh Pavithran for fraud and failure to register the agency’s tokens that have been offered as funding securities.
In accordance with the SEC’s announcement, between November 2017 and January 2018, Boontech offered $5 million value of its tokens, Boon Cash, to greater than 1,500 traders in the USA, with out registering the digital asset with the regulatory physique.