RATE Group | US SEC Files Charges Against Bitcoin-Backed Securities Dealer
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US SEC Files Charges Against Bitcoin-Backed Securities Dealer

28 Sep US SEC Files Charges Against Bitcoin-Backed Securities Dealer

Posted at 04:40h in Bitcoin News by

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The U.S. Securities and Exchange Commission (SEC) has filed charges against international securities dealer 1pool Ltd., which was offering Bitcoin-funded security-based swaps, according to an SEC announcement published September 27.

Per the SEC, the case involves the Marshall Islands-based corporation 1pool Ltd., which provides cryptocurrency-related services and stands behind 1broker.com, and its Austria-based CEO Patrick Brunner. The complaint alleges that the parties violated federal securities laws in connection with security-based swaps funded with Bitcoin (BTC).

The complaint was filed in the U.S. District Court for the District of Columbia and seeks permanent injunctions, disgorgement plus interest, and penalties. The SEC states that the Commodity Futures Trading Commission (CFTC) has filed its own charges against 1pool in a parallel action.

According to the complaint, a Special Agent with Federal Bureau of Investigation (FBI), acting undercover, purchased security-based swaps…

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