SEC fines Alex Tapscott over securities violations
The SEC fined Alex Tapscott and his Canada-based firm NextBlock for $25,000 over securities violations. The SEC further said that among NextBlock and Tapscott solicited funds from investors in the U.S., Canada, and elsewhere by falsely certain prominent individuals in the bockchain space were advisors to his firm. Tapscott has voluntarily surrendered his right to collect his share from NextBlock’s profits worth over $2 million.
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