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Windy Inc. took over the platform in 2019 after the founder misappropriated cash, based on the SEC, and managers Nicholas Murphy and Randolph Bay Abbott maintained Beaxy for buying and selling crypto belongings “that have been provided and offered as securities,” the SEC stated. So the company can also be accusing them of violating securities regulation by working an unregistered trade, dealer and clearing company, although the platform was described as defunct in one other SEC case final yr.
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