CLS Global Pays $428,059 Fine in US Settlement Over Trading Activities

Digital asset market maker CLS Global has reached a settlement with the SEC and DOJ over alleged trading violations, including those related to the FBI’s NexFundAI token investigation. The company was ordered to pay a $428,059 fine and serve a three-year probationary period during which it will be prohibited from operating in US markets. This action follows an April 2 federal court ruling in Boston.