Litigation: SEC Charges Cumberland DRW for Operating as Unregistered Dealer in Crypto Asset Markets
October 11, 2024
October 11, 2024
WASHINGTON, Oct. 11 -- The Securities and Exchange Commission issued the following litigation release (No. 1:24-cv-09842; N.D. Ill. filed Oct. 10, 2024) involving Cumberland DRW LLC:
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The Securities and Exchange Commission today charged Chicago-based Cumberland DRW LLC with operating as an unregistered dealer in over $2 billion of crypto assets offered and sold as securities, in violation of the registration requirements of the federal securities laws that are desi . . .
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The Securities and Exchange Commission today charged Chicago-based Cumberland DRW LLC with operating as an unregistered dealer in over $2 billion of crypto assets offered and sold as securities, in violation of the registration requirements of the federal securities laws that are desi . . .