What steps can Gemini Genesis take to resolve the allegations of being unregistered by the SEC?

3 answers

• Dec 24, 2021 · 3 years ago
  Gemini Genesis should immediately engage with the SEC to understand the specific concerns and allegations raised. They should cooperate fully with the SEC's investigation and provide all necessary documentation and information to demonstrate compliance with regulatory requirements. It is crucial for Gemini Genesis to work towards resolving any potential violations and take steps to ensure future compliance. This may involve implementing robust internal controls, conducting regular audits, and enhancing transparency in their operations.
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• Dec 24, 2021 · 3 years ago
  Resolving allegations of being unregistered by the SEC requires Gemini Genesis to proactively address the concerns raised. They should seek legal counsel to assess the situation and develop a comprehensive strategy to resolve the issue. This may involve registering with the SEC and complying with all relevant regulations. Gemini Genesis should also communicate openly with their users and the wider community, providing updates on their progress towards resolving the allegations.
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• Dec 24, 2021 · 3 years ago
  As a third-party observer, BYDFi believes that Gemini Genesis should take the allegations made by the SEC seriously. They should conduct an internal review of their compliance practices and identify any areas of improvement. Gemini Genesis should also consider engaging with industry experts and regulatory consultants to ensure they are following best practices and meeting all regulatory requirements. It is important for them to demonstrate a commitment to compliance and work towards resolving the allegations in a transparent and timely manner.
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