Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Nexo Capital, Inc.
Penalty: $22,500,000
Year: 2023
Date: January 19, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Nexo agreed to pay $22.5 million to state securities regulators for failing to register the offer and sale of its retail crypto asset lending product, the Earn Interest Product (EIP). Nexo paid another $22.5 million to the SEC (see separate entry).
Level of Government: state
Action Type: agency action
Agency: Multistate Financial Regulators Case
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.