The SEC state that they believe Do Kwon and Terraform Labs will continue to violate the Securities Act if not restrained.
SEC v. Terraform Court Filing, retrieved on February 16, 2023, is part of . You can jump to any part in this filing . This is part 31 of 38. HackerNoon’s Legal PDF Series here FIRST CLAIM FOR RELIEF of the Securities Act)) 173. The Commission realleges and incorporates by reference herein the allegations in paragraphs 1 through 172. 174.
Defendants, in the offer or sale of securities, by the use of means or instrumentalities of transportation or communication in interstate commerce or by use of the mails, directly or indirectly: knowingly or recklessly employed devices, schemes, or artifices to defraud; knowingly, recklessly, or negligently obtained money or property by means of untrue statements of material fact or by omitting to state material facts necessary in order to make the statements made, in light of the circumstances...
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