Judge Fines Ripple $125M, Bans Future Securities Law Violations in Long-Running SEC Case
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 07 2024
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Source: Yahoo Finance
Ripple's Legal Penalties: A federal judge imposed a $125 million fine on Ripple for violating securities laws through 1,278 institutional sales of XRP, while ruling that its programmatic sales to retail clients did not breach any laws.
Future Compliance Requirements: The judge issued an injunction against Ripple to prevent future violations and mandated that the company must file a registration statement for any securities sales, indicating concerns about potential future infractions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
