SEC recordsdata grievance towards Hex founder for allegedly providing unregistered securities

America Securities and Alternate (SEC) has filed a lawsuit towards Richard Schueler, higher identified within the crypto house as Richard Coronary heart, for alleged unregistered choices of three tokens.

In a July 31 submitting in U.S. District Court docket for the Japanese District of New York, the SEC claimed Coronary heart had raised greater than $1 billion by “the unregistered supply and sale of crypto asset securities”, which included HEX, PulseChain (PLS), and PulseX (PSLX). Based on the grievance, Coronary heart touted the tokens “as a pathway to grandiose wealth for buyers”, hiring builders to take care of the framework behind the crypto belongings.

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