👮 SEC asks court to enforce subpoena in ICO inquiry

U.S. regulators have asked a district court to enforce a subpoena as part of a probe into an alleged pump-and-dump scheme. “To "pump" its stock price, (real estate company) Cherubim issued false public statements in January 2018 claiming that the company had executed a $100,000,000 financing commitment to launch an initial coin offering (ICO) for St. James Trust.”