The SEC Explicitly State That Do Kwon Is Liable for Violations of the Exchange Act

The SEC explicitly states that Do Kwon is liable for violations of the Exchange Act because he was the control person of Terraform.

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 33 of 38. HackerNoon’s Legal PDF Series here THIRD CLAIM FOR RELIEF Control Person Liability under Section 20 of the Exchange Act for Violation of Section 10 of the Exchange Act and Rule 10b-5 Thereunder 179. The Commission re-alleges and incorporates by reference the allegations contained in paragraphs 1 through 172. 180.

As a control person of Terraform, Kwon is jointly and severally liable with and to the same extent as the controlled entity for its violations of Section 10 of the Exchange Act and Rule 10b-5 thereunder. Continue Reading . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case 1:23-cv-01346 retrieved on September 12, 2023, from is part of the public domain.

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