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News Explorer — Abra Settles Securities Charges With SEC, Agrees to Pay Fine

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Aug 26, 7:03 pm
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Abra Settles Securities Charges With SEC, Agrees to Pay Fine

The U.S. Securities and Exchange Commission (SEC) has filed charges against Abra, accusing the cryptocurrency investment firm of conducting unregistered offers and sales of crypto asset securities and operating as an unregistered investment company. Abra has settled the charges and will pay an unspecified fine. The SEC alleges that Abra marketed its Abra Earn product as a way for investors to earn interest on their crypto assets, but did not comply with registration laws.

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