SEC Sues Helium Network Creator, Nova Labs
Reading Time: 2 minutesThe SEC has filed a lawsuit against Helium creator Nova Labs, accusing it of offering unregistered securities through its blockchain and crypto-asset projects Allegations include misleading investors about partnerships with major corporations, including Nestlé, Salesforce, and Lime The SEC seeks a permanent injunction, civil penalties, and disgorgement of profits, among other remedies The Securities and Exchange Commission (SEC) has initiated legal proceedings against Nova Labs, alleging the company unlawfully sold unregistered securities and misled investors about its business relationships.
Reading Time: 2 minutesThe SEC has filed a lawsuit against Helium creator Nova Labs, accusing it of offering unregistered securities through its blockchain and crypto-asset projects Allegations include misleading investors about partnerships with major corporations, including Nestlé, Salesforce, and Lime The SEC seeks a permanent injunction, civil penalties, and disgorgement of profits, among other remedies The Securities and Exchange Commission (SEC) has initiated legal proceedings against Nova Labs, alleging the company unlawfully sold unregistered securities and misled investors about its business relationships. What's Your Reaction?
