SEC issues cease, desist order against Infinity8Networks
THE Securities and Exchange Commission (SEC) has issued a cease and desist order against Infinity8Networks Digital Services OPC and related entities for illegally soliciting investments from the public.
In an order dated January 16, 2024 the Commission En Banc directed Infinity8Netoworks to immediately cease and desist from further engaging in the unlawful solicitation, offer, and/or sale of securities in the form of investment contracts without the necessary license from the SEC.
The Commission further prohibited Infinity8Networks from transacting any business involving funds in its depository banks, and from transferring, disposing, or conveying any related assets to ensure the preservation of the assets of its investors.
The order covers Infinity8Networks’ single stockholder,...