IA | Iowa Insurance Commissioner recently issued a consent order against BlockFi Lending LLC (BlockFi) after BlockFi offered and sold securities in Iowa that were not registered or permitted for sale in Iowa as well as offering and selling securities in Iowa without being registered as a broker-dealer or agent. BlockFi was ordered to pay an administrative fine in the amount of $943,396.22 and cease and desist from making any untrue statement of material facts regarding securities.
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