Federal Judge Dismisses SEC Case Against Richard Heart, Citing Lack of Jurisdiction
A federal judge has dismissed the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Richard Heart, the founder of HEX, PulseChain and PulseX, ruling that the agency lacked jurisdiction because the project did not specifically target U.S. investors. “The relevant online communications described in the Complaint during the offer periods consist of untargeted, globally available information,” … Read more