The U.S. Securities and Exchange Commission (SEC) has slapped Thor Technologies and its CEO, David Chin, with a $1.05m fine for promoting securities without the required license. The SEC found Thor Technologies and its CEO, David Chin, guilty in absentia of promoting securities without a license. The regulator fined the company $1.05m. However, such a decision is made if the defendant does not provide the necessary documents on time or ignores the hearing. According to the regulator, from March to May 2018, the company distributed project tokens to clients. The…
Thor Technologies hit with $1.05m fine over unlicensed securities
