The U.

The U.S. Securities and Exchange Commission (SEC) is charging the founder of EtherDelta, Zachary Coburn, with operating an unregistered exchange.

Over 18 months, the platform “executed more than 3.6 million orders, including tokens that are securities under the federal securities laws,” according to the Commission.

Coburn agreed to pay $300,000 in disgorgement, $13,000 in pre-judgment interest, and a $75,000 penalty.

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CoinDesk
SEC Charges EtherDelta Founder Over 'Unregistered Securities Exchange'
The SEC has charged Zachary Coburn, founder of EtherDelta, with running an unregistered national securities exchange.