SEC settles with the former CEO and COO of AriseBank, which it sued in January for alleged fraud and issuing unregistered securities during an ICO, for $2.7M+ (Nikhilesh De/CoinDesk)

Nikhilesh De / CoinDesk:
SEC settles with the former CEO and COO of AriseBank, which it sued in January for alleged fraud and issuing unregistered securities during an ICO, for $2.7M+  —  The U.S. Securities and Exchange Commission (SEC) has settled charges with two former executives of AriseBank, which was hit with a token sale fraud lawsuit in early 2018.