Kraken to ‘vigorously defend’ position as SEC files charges

Regulator says Kraken took ‘business decision’ not to comply with securities laws.

The SEC filed charges against Payward Inc. and Payward Ventures Inc. – which are together known as Kraken – alleging that, through its platform’s services, Kraken:

  • provides a marketplace that brings together the orders for securities of multiple buyers and sellers using established, non-discretionary methods under which such orders interact, and
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