“This settlement requires Telegram to return funds to investors, imposes a significant penalty, and requires Telegram to give notice of future digital offerings,” added Littman.
Lara Shalov Mehraban, Associate Regional Director of the New York Regional Office, commented, “Our emergency action protected retail investors from Telegram’s attempt to flood the markets with securities sold in an unregistered offering without providing full disclosures concerning their project.”
She added, “The remedies we obtained provide significant relief to investors and protect retail investors from future illegal offerings by Telegram.”
