SEC v. Cumberland DRW LLC

Cumberland DRW LLC allegedly operated as an unregistered dealer in over $2 billion of crypto assets offered and sold as securities, in violation of the registration requirements of the federal securities laws, according to the SEC. Since at least March 2018 through the present, Cumberland allegedly acted as an unregistered dealer by buying and selling crypto assets offered and sold as securities for its own accounts as part of its regular business, according to the SEC's complaint.

Summary generated from official Securities and Exchange Commission press release