🚔 Ex-AriseBank CEO settles with SEC over unregistered "AriseCoin" offering
The SEC took action against AriseBank's former-CEO and -COO Jared Rice and Stanley Ford for the offering and selling of the unregistered investment: AriseCoin. Rice and Ford agreed to $2,259,543 in disgorgement plus $68,423 in prejudgment interest and individual $184,767 penalties.
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