Search SEC Obtains Temporary Restraining Order and Asset Freeze Against Shawn C. Cutting Regarding Allegations of Digital Asset Fraud The Securities and Exchange Commission (SEC) has filed an emergency action and obtained a temporary restraining order and asset freeze against Shawn C. Cutting. The SEC alleges that Cutting raised millions of dollars by falsely claiming to be a financial adviser with securities licenses, overstating investment returns, and misappropriating money received from investors. The SEC claims that from October 2017 through at least May 2020, Cutting raised at least $6.9 million from over 450 investors by representing that he would pool investor monies into a fund that invested in various digital assets. Cutting allegedly received money from investors, including Crypto Traders Management, LLC, Cutting’s wife Janine M. Cutting, and three entities Cutting controls, Golden Cross Investments, LLC, Lake View Trust, and Tyson Trust.