SEC Charges 12 In Major Crypto Market Manipulation Case
- The SEC charged three so-called market makers in the crypto space and nine individuals for fraud and market manipulation.
- The investigation involved the Justice Department and FBI, which revealed the deceptive practices used to manipulate the market.
- The SEC seeks permanent injunctions, financial penalties, and officer bans for those involved.
In one of the largest crackdowns, the SEC charged three market makers and nine individuals involved in the crypto industry for market manipulation. The SEC filed accusations in the District Court of Massachusetts, citing the defendants as running fraud schemes to deceive retail investors.
While working with the FBI and the Department of Justice, the SEC’s investigation exposes how…
