In the Matter of Stoner Cats, 2, LLC
Stoner Cats NFTs Settlement
Law Firm: SEC
Est. Recovery
$20
About this case
Buyers of Stoner Cats NFTs from Stoner Cats 2, LLC’s July 27, 2021 offering may qualify for a distribution from the Stoner Cats Fair Fund. On Sept. 13, 2023, the Commission settled an order finding that Stoner Cats 2 conducted an unregistered securities offering that day—selling 10,320 NFTs at 0.35 ETH (about $800) each and raising roughly $8.2 million in ETH—thereby breaching Sections 5(a) and 5(c) of the Securities Act. The Commission assessed a $1,000,000 civil penalty and, under Section 308(a) of the Sarbanes‑Oxley Act, established a Fair Fund to compensate harmed investors. The respondent has paid in full and the funds, plus any accrued interest, are deposited in a Treasury account designated by the Commission.
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