The SEC has issued a cease-and-desist order against the software development company Sparkster Ltd. and its CEO, Sajjad Daya, for an unregistered offer and sale of crypto asset securities from April 2018 through July 2018.
In SEC’s order, Sparkster and Daya raised $30m from 4,000 investors to develop Sparkster’s “no-code” software platform
Free Trial
Register for free to keep reading.
To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.
- Unlimited access to industry insights
- Stay on top of key rules and regulatory changes with our Rules Navigator
- Ad-free experience with no distractions
- Regular podcasts from trusted external experts
- Fresh compliance and regulatory content every day