On August 28, 2024, CNBC published an article entitled “OpenSea receives Wells notice from SEC, regulator says NFTs are securities.” It stated “crypto marketplace OpenSea has been added to the SEC’s list of targets, as the regulator extends its crackdown on the sector.” Further, it stated a “Wells notice is typically one of the final steps before the SEC issues formal charges. It generally lays out the framework of the regulatory argument and offers the potentially accused an opportunity to rebut the SEC’s claims. The letter, according to the OpenSea chief, alleges that the nonfungible tokens, or NFTs, sold on its platform are securities. OpenSea is a popular platform that allows users to create, sell and buy NFTs.”
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OpenSea
Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims against OpenSea resulting from allegations that OpenSea may have issued materially misleading business information to the investing public.
If you purchased NFTs on OpenSea and would like to join the prospective action, please click “Join This Class Action.”
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