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Kraken to ‘vigorously defend’ position as SEC files charges

Marco Santori
Marco Santori, Kraken’s Chief Legal Officer. Photo: Marco Bello/Getty Images

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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