The Inanity of the SEC ‘Stoner Cat’ Action

Stoner Cats 2, LLC, the organization that created the NFTs and is responsible for paying the SEC fine, will also have to help set up a reimbursement fund to pay back injured investors. This “Fair Fund,” a type of account established under the Sarbanes-Oxley Act of 2002 as a way to return profits from defrauded investors, will technically be operated by the SEC. (It’s important to note Stoner Cats 2, LLC, did not admit fault by settling.)

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