{"id":319238,"date":"2021-08-09T16:12:40","date_gmt":"2021-08-09T13:12:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/poloniex-settles-charges-with-sec-for-operating-unregistered-exchange\/"},"modified":"2021-08-09T16:12:40","modified_gmt":"2021-08-09T13:12:40","slug":"poloniex-settles-charges-with-sec-for-operating-unregistered-exchange","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/poloniex-settles-charges-with-sec-for-operating-unregistered-exchange\/","title":{"rendered":"# Poloniex settles charges with SEC for operating unregistered exchange"},"content":{"rendered":"

“# Poloniex settles charges with SEC for operating unregistered exchange <\/strong>”
\n<\/p>\n

The United States Securities and Exchange Commission (SEC) has charged crypto exchange platform Poloniex for breaching securities trading regulations.<\/p>\n

According to an announcement<\/a> by the SEC on Monday, Poloniex offered trading of cryptos deemed securities to U.S. investors on its platform between July 2017 and November 2019.<\/p>\n

The SEC indictment also stated that employees of the exchange actively sought to circumvent securities regulation with the commission’s enforcement chief Kristina Littman stating:<\/p>\n

“Poloniex chose increased profits over compliance with the federal securities laws by including digital asset securities on its unregistered exchange […] Poloniex attempted to circumvent the SEC\u2019s regulatory regime, which app<\/a>lies to any marketplace for bringing together buyers and sellers of securities regardless of the applied technology<\/a>.\u201d<\/p><\/blockquote>\n

According to the SEC announcement, Poloniex has elected to neither admit nor deny any wrongdoings but will pay a fine of about $10.3 million.<\/p>\n