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Linus Financial Agrees to Settle SEC Charges of Unregistered Offer and Sale of Securities

Summary by Ground News
The SEC determined not to impose civil penalties against Linus Financial because of the Nashville-based company's cooperation and prompt remedial actions. The SEC finds that the Linus Interest Accounts were offered and sold as securities, and that the offers and sales did not qualify for an exemption from SEC registration. The company agreed to a cease-and-desist order prohibiting it from violating the registration provisions of the Securities Act of 1933.
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Linus Financial Agrees to Settle SEC Charges of Unregistered Offer and Sale of Securities

Washington D.C.--(Newsfile Corp. - September 7, 2023) - The Securities and Exchange Commission today announced settled charges against Linus Financial, Inc. for failing to register the offers and sales of its retail crypto lending product, the Linus Interest Accounts. The SEC determined not to impose civil penalties against Linus Financial because of the Nashville-based company’s cooperation and prompt remedial actions.According to the SEC’s ord…

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News File Corp broke the news in on Thursday, September 7, 2023.
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