Description
The SEC sues Linus Financial for the sale of unregistered securities (Linus Interest Accounts) in the form of investment contacts. Linus voluntarily ceased operation following the SEC’s settlement with BlockFi Lending LLC and asked investors to withdraw their funds.
Legal Significance
The SEC did not impose a civil penalty based on Linus’s cooperation.
Status
Settled
Case No.
3-21627
Date Filed
September 7, 2023
Plaintiff
SEC
Defendant
Linus Financial Inc.
Court
-
Plaintiff Counsel
-
Defendant Counsel
-
Major Filings
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