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Summaries and explanations of the latest regulatory compliance announcements, reports and related stories.

Regulatory Briefs Jon Hurd Regulatory Briefs Jon Hurd

SEC Charges App Developers for Unregistered Security-Based Swap Transactions

Abra, a California-based trading app, and related firm Plutus Technologies Philippines Corp (“Plutus”), were charged by the Securities and Exchange Commission (SEC) on July 13, 2020. Abra and the related firm were charged for offering trades to non-registered investors and for failing to record all trades on a registered national exchange.

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