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TechFlow news — The U.S. Securities and Exchange Commission (SEC) today announced that Genesis Global Capital, LLC has agreed to a final judgment requiring it to pay a $21 million civil penalty and comply with a permanent injunction.
According to the settlement terms, the SEC will not receive any portion of the penalty before all other claims permitted by the bankruptcy court—including claims from retail investors in the Gemini Earn program—are paid.
The U.S. Securities and Exchange Commission today announced that Genesis Global Capital, LLC has agreed to a final judgment requiring it to pay a $21 million civil penalty and comply with a permanent injunction. Under the settlement terms, the SEC will not receive any portion of the penalty before all other claims permitted by the bankruptcy court—including claims from retail investors in the Gemini Earn program—are paid.
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