Federal Judge Imposes Sanctions After SEC Used False Info For Restraining Order

(March 20, 2024, 2:45 PM EDT) -- SALT LAKE CITY — A federal judge in Utah imposed sanctions on the Securities and Exchange Commission after finding that the commission relied on false information when applying for a temporary restraining order (TRO) in an enforcement action it brought against several groups it accused of using a cryptocurrency scheme to defraud investors of at least $49 million, ordering the commission to pay all attorney fees and costs associated with the TRO....

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