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SEC charges and settles with TrueCoin, TrustToken over fraudulent TrueUSD claims – TON BOT

SEC charges and settles with TrueCoin, TrustToken over fraudulent TrueUSD claims

The SEC has charged TrueCoin and TrustToken for fraudulent sales of unregistered investment contracts linked to TrueUSD (TUSD), misrepresenting its backing. They settled without admitting fault, agreeing to injunctions and penalties totaling about $600,000. The SEC accused them of mismanaging assets and exposing investors to undisclosed risks.


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