Just a hopefully clarifying note: A complaint, which we've already seen, is an initial charge, not a formal charge. This release pertains to the formal charge.
> SEC investigations are civil, not criminal. The SEC can charge individuals and entities for violating the federal securities laws and seek remedies such as monetary penalties, disgorgement of ill-gotten gains, injunctions, and restrictions on an individual’s ability to work in the securities industry or to serve as an officer or director of a public company, but the SEC cannot put people in jail.
> Enforcement may refer potential criminal cases to criminal law enforcement authorities for investigation or coordinate SEC investigations with criminal investigations involving the same conduct. If a person is convicted of a criminal violation of the securities laws, a court may sentence that person to serve time in jail.
Normally the SEC civil complaint and judgement comes first, followed by the DOJ criminal action, if it exists, which it ab-so-fucking-lute-ly should come next.
Not a customer. The fortune cookies and super bowl ads by the noob crypto exchange were huge red flags