2018-7-13 12:02 |
Regulation
The Texas State Securities Board has taken an emergency action to stop a network of crypto-related companies from illegally offering investments in the state.
Utah-based companies Mintage Mining LLC, Symatri LLC, NUI Social, Social Membership Network Holding LLC, and BC Holdings and Investments LLC are named in the emergency cease and desist order.
In addition, NUI Social affiliates, Utah-based Douglas Whetsell and Houston-based Wyatt Mccullough, are also named in the order.
The Violations
The order “alleges widespread violations of the Texas Securities Act” by all of the entities and individuals named within.
What do you think of the Texas State Securities Board’s cease and desist order?