A former product supervisor for Coinbase World Inc and his brother agreed to settle US Securities and Alternate Fee (SEC) prices associated to insider buying and selling of crypto asset securities, the regulator mentioned on Tuesday.
Former Coinbase product supervisor Ishan Wahi and his brother, Nikhil Wahi, agreed to settle prices that they engaged in a scheme to commerce forward of a number of bulletins concerning at the least 9 crypto asset securities that might be made obtainable on Coinbase’s platform, the SEC mentioned in an announcement.
Legal professionals for the Wahi brothers didn’t instantly reply to requests for remark.
Ishan Wahi was sentenced to 2 years in jail earlier this month after pleading responsible to associated legal prices. In January, Nikhil Wahi was sentenced to 10 months in jail.
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