And Today The Millions Cry, Sunday, Bloody Sunday🏈
Securities Fraud Charges Hit Multiple Digital Asset Companies Seven companies operating in the digital asset space are facing serious legal trouble. Morocoin Tech Corp., Berge Blockchain Technology Co., Cirkor, AI Wealth Inc., Lane Wealth Inc., AI Investment Education Foundation Ltd., and Zenith Asset Tech Foundation have been charged with violating federal securities laws— specifically, the antifraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934 . These charges represent a significant enforcement action in the digital currency sector. The Securities Act of 1933 was created in response to the 1929 stock market crash and requires that investors receive accurate financial information about securities being offered for public sale. The Securities Exchange Act of 1934 governs securities transactions on the secondary market and established the Securities and Exchange Commission to enforce federal securities laws. When companies are charged wit...