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      • Without denying or admitting to the SEC’s allegations, Stoner Cats 2 (SC2) has agreed to cease and desist from offering the NFTs and pay a $1 million fine. SC2 also agreed to destroy all NFTs in its possession and issue a notice of the order on its website and social media channels, the SEC said.
      blockworks.co/news/stoner-cats-sec-unregistered-securities-nfts-hollywood
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  2. Sep 13, 2023 · Stoner Cats 2 LLC agreed to pay a $1 million civil penalty and use it to establish a fund to return money to the buyers of the NFTs, the SEC said in a statement.

    • Alex Weprin
  3. Sep 13, 2023 · The SEC charged a company called Stoner Cats 2 LLC — which produced an animated web series “Stoner Cats” funded by sales of NFTs that were priced at $800 each — with conducting an ...

    • Todd Spangler
  4. Sep 13, 2023 · Stoner Cats 2 LLC, the company behind the NFT-based cartoon project, agreed to a cease-and-desist order and will pay a $1 million civil penalty without admitting fault. The company will also destroy any NFTs that it still holds, and establish a "Fair Fund" to refund investors who purchased the NFTs in the primary sale.

  5. Sep 13, 2023 · How will Stoner Cats compensate NFT buyers? According to the SEC, the $1 million fine paid by Stoner Cats will be repurposed to establish a “Fair Fund” to compensate “injured investors” who bought Stoner Cats NFTs.

  6. Sep 13, 2023 · Stoner Cats 2 LLC was charged with illegally raising about $8 million from investors to finance the web-based series through the sale of more than 10,000 nonfungible tokens at about $800 each...

  7. Sep 13, 2023 · The SEC said it charged production entity Stoner Cats 2 LLC with conducting an unregistered offering of crypto asset securities.

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