SEC Litigation: N.H. Issuer of Crypto Asset Securities That Violated Registration Requirements Enjoined, Ordered to Pay Penalty
July 13, 2023
July 13, 2023
WASHINGTON, July 13 -- The Securities and Exchange Commission issued the following litigation release (No. 21-cv-260-PB; D.N.H. filed March 29, 2021) involving LBRY Inc.:
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On July 11, 2023, Judge Peter Barbadoro of the United States District Court for the District of New Hampshire ordered LBRY, Inc., a New Hampshire software company that issued crypto asset securities called "LBRY Credits" or "LBC," to pay a civil penalty of $111,614. The Court . . .
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On July 11, 2023, Judge Peter Barbadoro of the United States District Court for the District of New Hampshire ordered LBRY, Inc., a New Hampshire software company that issued crypto asset securities called "LBRY Credits" or "LBC," to pay a civil penalty of $111,614. The Court . . .