Richard

PulseX

Coin

<ul class="news-points"> 
 <li>The SEC has filed charges against Hex founder Richard Heart for conducting unregistered offerings of crypto assets.</li> 
 <li>Reportedly, the amount raised by the sales was used to purchase luxury goods that included sports cars, watches, and diamonds.&nbsp;</li> 
 <li>Heart nor his team has responded to the charges made by the SEC.</li> 
</ul> 
The U.S. <a href="https://coinedition.com/tag/sec/" rel="noopener noreferrer nofollow">Securities and Exchange Commission (SEC)</a> has filed charges against Hex founder and tech entrepreneur Richard Heart for conducting unregistered crypto offerings. Hex, PulseChain, and PulseX, all owned and operated by Heart, will also be charged under the complaint.&nbsp; 
Parts of the litigation release read, “The SEC’s complaint, filed in U.S. District Court for the Eastern District of New York, alleges that Heart, Hex, PulseChain, and PulseX violated the registration provisions of Section 5 of the Securities Act of 1933.” 
In the filed complaint, the American regulatory body has also indicted Heart with misappropriating nearly $12 million of offering proceeds. This amount, the SEC alleged, was used to buy luxury goods that included sports cars, watches, and the world’s largest black diamond known as the Enigma. 
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The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/sec-strikes-again-charges-hex-founder-for-securities-law-violation/">SEC Strikes Again, Charges Hex Founder for Securities Law Violation</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

SEC Strikes Again, Charges Hex Founder for Securities Law Violation

Coin Edition

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