A series of Stoner Cats 2 NFTs has led to charges from the US Securities and Exchange Commission over unregistered securities.
Tag: SEC
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SEC charges Impact Theory over NFTs as unregistered securities
The question of whether NFTs are financial securities has been thrumming away in the background for some time now.
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British audit firm settles SEC charges over Akazoo financials
Akazoo was a music streaming firm that went public in 2019 claiming 4.6 million paying subscribers and $120m in annual revenues.
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SEC files charges against celebrities over crypto promotions
In peak crypto times, some companies in that space were waving dollars (or non-fiat currencies, of course) at any passing celebrity.
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Kim Kardashian pays $1.26m after SEC’s crypto charges
Kim Kardashian has become the highest-profile celebrity/influencer yet to be charged over a crypto promotion on social media.
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SEC reaches $38.8m settlement with Akazoo over fraud allegations
Yesterday, the SEC announced a $38.8m settlement with Akazoo, having already frozen its assets in September 2020, over allegations of fraud.
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Spotify and SEC meet over IPO bypass plans
Bloomberg is reporting that executives from Spotify met with Securities & Exchange Commission representatives recently to discuss the former’s supposed plan to bypass the traditional IPO path and go the […]
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SEC filings reveal $108m of equity sales by Rdio
Rdio’s parent company Pulser Media has sold $108m of equity, warrants and options over the past 13 months, according to filings made with US financial regulator the SEC, and reported […]
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Streaming service 8tracks raises $1.28m in new funding
8tracks has always been one of the more under-the-radar streaming services as far as the industry goes, even though it had 8m monthly active users by the start of this […]
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Facebook has 83m fake accounts
Facebook reported last week that it had 955m active users, but how many of those are fake? The social network has provided some details in an SEC document filed this week.
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Redigi raises $535k for its secondhand MP3s store
US startup Redigi has raised $535,000 in a funding round, according to documents filed with the SEC. It’s part of a planned $1.5 million funding round, although no further details are given in the filing of who’s made the investment. Redigi first came to our notice in February this year…
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RealNetworks reveals marketing costs for Rhapsody America
An SEC filing from RealNetworks has revealed that the company spent $11.2 million to promote the launch of its Rhapsody America service last year, and an additional $44 million advertising on joint-venture partner MTV Networks.