Tai Mo Shan agrees to pay $123 million to settle charges with U.S. regulators
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The U.S. Securities and Exchange Commission (SEC) charged Tai Mo Shan Limited with misleading investors about the stability of Terra USD (UST), a stablecoin issued by Terraform Labs. The SEC also alleged that the company acted as an unregistered broker-dealer in the trading of the LUNA cryptocurrency asset. As part of the settlement, Tai Mo Shan agreed to pay $123 million, including disgorgement of profits, interest, and penalties.
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