SPRINGFIELD – Illinois Secretary of State Alexi Giannoulias announced that the state will receive $424,500 as part of the $45 million multi-state settlement with Nexo Capital, Inc. Nexo Capital, Inc was offering and selling unregistered securities in digital asset investments in Illinois and many other states. Illinois found that Nexo failed to disclose information about their investment products and did not disclose all the risks associated with the digital assets.
“Crypto assets are not exempt from state and federal regulations, and financial services involved with them must comply with those regulations to ensure consumers are protected,” Secretary Giannoulias said.
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