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International Business Times
International Business Times
Business
Nica Osorio

SEC Reports Having Trouble Issuing Legal Notices To HEX Founder Richard Heart

SEC HEX Commission Crypto

KEY POINTS

  • The SEC accused Heart of securities fraud, alleging that he raised $1 billion via the sales of unregistered securities
  • In August, the SEC asked Finland's Ministry of Justice to serve the lawsuit to Heart
  • Richard Heart is the founder of HEX and PulseChain

The U.S. Securities and Exchange Commission (SEC) is reportedly facing difficulties in issuing legal notices to HEX and PulseChain founder Richard Schueler, more popularly known as Richard Heart in the cryptocurrency world, in connection with a lawsuit alleging the crypto mogul was selling unregistered securities.

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