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US takes 1st action against firm for selling unregistered NFTs with $6 mn fine - Vimarsana News

US takes 1st action against firm for selling unregistered NFTs with $6 mn fine

The US Securities and Exchange Commission (SEC) has charged Impact Theory, a media and entertainment company headquartered in Los Angeles, with conducting an unregistered offering of crypto asset securities in the form of purported non-fungible ...

Earthquake for NFTs as SEC Cracks Down on Impact Theory - Vimarsana News

Earthquake for NFTs as SEC Cracks Down on Impact Theory

Every company that has issued non-fungible tokens (NFTs) could be liable from a recent U.S. Securities and Exchange Commission (SEC) ruling. The SEC charged Impact Theory, LLC, a media and entertainment company headquartered in Los Angeles, with conducting an unregistered offering of crypto asset securities in the form of purported NFTs. Impact Theory raised approximately…

US Takes 1st Action Against Firm For Selling Unregistered NFTs With $6 Mn Fine - Vimarsana News

US Takes 1st Action Against Firm For Selling Unregistered NFTs With $6 Mn Fine

Washington, Aug 29 (IANS) The US Securities and Exchange Commission (SEC) has charged Impact Theory, a media and entertainment company headquartered in Los

LA podcaster targeted by securities regulator over NFT offering - Vimarsana News

LA podcaster targeted by securities regulator over NFT offering

The US Securities and Exchange Commission (SEC) has charged Impact Theory, an LA-based media and entertainment company, with offering unregistered...

LA media company settles first SEC enforcement case over NFTs - Vimarsana News

LA media company settles first SEC enforcement case over NFTs

A Los Angeles media company that billed itself as potentially the next Disney will pay $6.1 million to settle U.S. Securities and Exchange Commission charges it illegally raised nearly $30 million...