Skip to content

FX PROfit signals provide you with the best free forex signals. Join us for Free!

Latest: +140 pips GBP/JPY Reached - VIP channel
Latest: +528 pips GBP/NZD Reached - Platinum channel
Latest: +324 pips EUR/NZD Reached - Platinum channel
Latest: +572 pips GBP/NZD Reached - Platinum channel
Latest: +276 pips EUR/NZD Reached - Platinum channel
Latest: +209 pips EUR/NZD Reached - Platinum channel
Latest: +371 pips GBP/NZD Reached -Platinum channel
Latest: +306 pips GBP/AUD Reached - Platinum channel
Latest: +227 pips GBP/AUD Reached - Platinum channel
Latest: +298 pips GBP/AUD Reached - Platinum channel
Latest: +537 pips GBP/JPY Reached - Platinum channel
Latest: +120 pips USD/CHF Reached - Platinum channel
Latest: +233 pips GBP/AUD Reached - Platinum channel
Latest: +262 pips GBP/USD Reached - Platinum channel
Latest: +146 pips USD/CAD Reached - Platinum channel
Latest: +216 pips EUR/CAD Reached - Platinum channel
Latest: +383 pips GBP/JPY Reached - Platinum channel
Latest: +141 pips EUR/CAD Reached - VIP channel
Latest: +110 pips EUR/NZD Reached - VIP channel
Latest: +226 pips EUR/NZD Reached - VIP channel
Latest: +112 pips GBP/JPY Reached - VIP channel
Latest: +207 pips GBP/CAD Reached - Platinum channel
Latest: +170 pips EUR/CAD Reached - Platinum channel
Latest: +516 pips EUR/NZD Reached - Platinum channel
Latest: +346 pips EUR/AUD Reached - Platinum channel
Latest: +241 pips NZD/CHF Reached - Platinum channel
Login
Register
TwitterInstagramYouTubePinterest
Forex Trading SignalsForex Trading Signals
Forex Trading Signals
FXPROfitSignals
  • Home
  • Forex
    • Introduction to FOREX
    • Fundamental Analysis
    • Technical Analysis
    • What are FOREX Trading Signals?
    • The benefits of our signals
    • Forex Glossary
    • Trader’s Psyhology
    • Rates & Charts
    • Economic Calendar
    • Currency calculator
    • Pip value calculator
    • Profit Calculator
    • Position Size Calculator
    • Risk and Reward Forex Calculator
    • About us
  • Trusted Broker
  • FREE
    • FREE Signals
    • Free Signals Analysis
    • What are FOREX Trading Signals?
    • The benefits of our signals
    • Our Forex Broker
    • What are Binary Options?
    • Forex COPY testimonials
    • Testimonials
  • VIP
    • VIP SUBSCRIPTION PLANS
    • What are FOREX Trading Signals?
    • The benefits of our signals
    • VIP signals instructions
    • Forex signals tutorials
    • Our Forex Broker
    • VIP Signals Results
  • Fx Premium
    • FX PREMIUM PLANS
    • What are FOREX Trading Signals?
    • The benefits of our signals
    • VIP signals instructions
    • Platinum signals instructions
    • Our Forex Broker
    • VIP Signals Results
    • Platinum Signals Results
  • Fx Premium Black
    • FX PREMIUM BLACK PLANS
    • What are FOREX Trading Signals?
    • VIP signals instructions
    • Platinum signals instructions
    • What are Binary Options?
    • Binary Options signals instructions
    • Our Forex Broker
    • VIP Signals Results
    • Platinum Signals Results
    • +30pipsGold signals Results
    • Binary Options Signals Results
    • Crypto Signals Results
  • Indicators&EAs
    • FxPROfit Strategy
    • GoldStar Indicator
    • FXPROFITSIGNALS EA
    • Fx COPY Software
    • Forex COPY testimonials
  • Affiliate
  • FAQ
  • Cryptocurrency NEWS
  • Home
  • Forex
    • Introduction to FOREX
    • Fundamental Analysis
    • Technical Analysis
    • What are FOREX Trading Signals?
    • The benefits of our signals
    • Forex Glossary
    • Trader’s Psyhology
    • Rates & Charts
    • Economic Calendar
    • Currency calculator
    • Pip value calculator
    • Profit Calculator
    • Position Size Calculator
    • Risk and Reward Forex Calculator
    • About us
  • Trusted Broker
  • FREE
    • FREE Signals
    • Free Signals Analysis
    • What are FOREX Trading Signals?
    • The benefits of our signals
    • Our Forex Broker
    • What are Binary Options?
    • Forex COPY testimonials
    • Testimonials
  • VIP
    • VIP SUBSCRIPTION PLANS
    • What are FOREX Trading Signals?
    • The benefits of our signals
    • VIP signals instructions
    • Forex signals tutorials
    • Our Forex Broker
    • VIP Signals Results
  • Fx Premium
    • FX PREMIUM PLANS
    • What are FOREX Trading Signals?
    • The benefits of our signals
    • VIP signals instructions
    • Platinum signals instructions
    • Our Forex Broker
    • VIP Signals Results
    • Platinum Signals Results
  • Fx Premium Black
    • FX PREMIUM BLACK PLANS
    • What are FOREX Trading Signals?
    • VIP signals instructions
    • Platinum signals instructions
    • What are Binary Options?
    • Binary Options signals instructions
    • Our Forex Broker
    • VIP Signals Results
    • Platinum Signals Results
    • +30pipsGold signals Results
    • Binary Options Signals Results
    • Crypto Signals Results
  • Indicators&EAs
    • FxPROfit Strategy
    • GoldStar Indicator
    • FXPROFITSIGNALS EA
    • Fx COPY Software
    • Forex COPY testimonials
  • Affiliate
  • FAQ
  • Cryptocurrency NEWS

NAC Foundation Denies SEC Fraud Allegations

NAC Foundation Denies SEC Fraud Allegations

The NAC Foundation denies that AML BitCoin is a security and accuses the US Securities and Exchange Commission (SEC) of fraudulent conduct in a legal proceeding.
Earlier, the SEC accused the NAC Foundation, its CEO Marcus Andrade and political lobbyist Jack Abramoff of organizing an unregistered sale of AML BitCoin cryptoassets in the amount of $ 5.6 million, fraud and misleading investors. Abramoff agreed to pay a $ 50,000 fine, as well as $ 5,501 pre-judgment interest.
However, Andrade disagrees with the Commission’s allegations, and on October 20 asked a federal judge in San Francisco to dismiss the SEC’s claim. Andrade argues that the regulator is deliberately trying to mislead the court by accusing the NAC Foundation of using and offering technology that has allegedly never been developed. According to the defendant, the SEC was aware that the NAC Foundation has a patent for an anti-money laundering technology created specifically for AML BitCoin.

Andrade added that, in accordance with the terms of sale, AML BitCoin are not investment contracts. When purchasing this crypto-asset, users agreed that AML BitCoin is only a medium of exchange, not an investment or entitling to a share in any enterprise. The terms of sale state that NAC Foundation clients should not expect a return on their investment, and AML BitCoin cryptoassets should not be considered debt.

Andrade stressed that the SEC refused to point out a critical element of the Howie test, which helps determine whether an asset is classified as a security. This suggests that the sale of AML BitCoin did not violate securities laws. Consequently, there are no grounds for prosecution. Recall that, as the agency said last month, stock token exchanges that guarantee the legality of the origin of assets in their accounts will not be subject to regulatory sanctions.

Post navigation

PreviousPrevious post:Free Signal 23.10.2020 “AUD/JPY buy” – detailsNextNext post:Free Signal 22.10.2020 “AUD/USD buy” – details

Related posts

Mark Cuban: “Buying real estate in the metaverse is a very bad idea”
11/08/2022
Reserve Bank of Australia to explore options for using CBDC
10/08/2022
Trend Micro warns of metaverse vulnerabilities
09/08/2022
Mike McGlone: ​​Bitcoin and Ether are oversold
08/08/2022
US Senator Elizabeth Warren proposes to cut Wall Street’s involvement in the crypto industry
05/08/2022
The first virtual crypto ATM is launched in the Decentraland metaverse
04/08/2022

    FX PROfit Signals® is a signal service giving people from all walks of life the opportunity to benefit from our expert analysis and achieve consistent results in the Forex markets.

    Useful links
    • About us
    • Disclaimer
    • Terms and conditions
    • Frequently asked questions
    Contact us
    Submit a request

    Social links:

    YouTubeTwitterInstagramPinterest

    Partners



    DMCA.com Protection Status

    Caution: Trading involves the possibility of financial loss. Only trade with money that you are prepared to lose, you must recognise that for factors outside your control you may lose all of the money in your trading account. Many forex brokers also hold you liable for losses that exceed your trading capital. So you may stand to lose more money than is in your account. FXPROfitSignals.com takes not responsibility for loss incurred as a result of our trading signals. By signing up as a member you acknowledge that we are not providing financial advice and that you are making a the decision to copy our trades on your own account. We have no knowledge on the level of money you are trading with or the level of risk you are taking with each trade. You must make your own financial decisions, we take no responsibility for money made or lost as a result of our signals or advice on forex related products on this website.

    ------------------------------------------------------------------------

    Copyright © 2018-2022 by Pro Forex LTD | All rights reserved