SEC v. Schueler

The SEC sues Richard Heart (and his 3 unincorporated alter egos) for selling unregistered securities and defrauding investors by misappropriating funds.

This case contemplates whether or not there was there a sale of unregistered securities; if the SEC can sue a piece of software; and if the remedies sought by the SEC will limit the First Amendment rights of the parties and nonparties to this litigation?

1:23-cv-05749