“‘Stoner Cats’ wanted all the benefits of offering and selling a security to the public but ignored the legal responsibilities that come with doing so.”
Ashton Kutcher and his wife, Mila Kunis, reportedly owe the Securities and Exchange Commission $1 million in fines after the SEC found that the embattled couple had been conducting unregistered offers of crypto asset securities.that Kutcher, 45, and Kunis, 40, were misleading investors for their new series, “Stoner Cats.”
“by offering and selling these crypto asset securities to the public in an unregistered offering that was not exempt from registration.”of a group of cats as they attempt to take care of their marijuana-smoking owner who suffers from Alzheimer’s disease.The series’ creative team allegedly claimed that one of the highlights of owning one of its NFTs was that a person could later sell it at a much higher value in the future.
The agency also found that the group had created the token to give itself a 2.5 percent royalty each time that the NFT was purchased online. The series’s creative team allegedly claimed that one of the highlights of owning one of its NFTs was that a person could later sell it at a much higher value in the future.Since coming under scrutiny, the series was ordered to” return monies that injured investors paid to purchase the NFTs.”
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