Two Nevada citizens agreed to settle a lawsuit filed by the U.S. Security and Exchange Commission (SEC), which accused them of profiting from the illegal sale of stocks of UBI Blockchain Internet Ltd., Bloomberg reported July 2.
On Monday, the SEC filed a lawsuit in a New York federal court, accusing Nevada attorney T.J. Jesky and his firm’s manager Mark F. DeStefano of earning around $1.4 million by illegally selling shares in UBI Blockchain Internet Ltd. from December 2017 to January 2018.