prior to the registration of the security, and failing to adequately monitor and maintain the collateral for the bonds. SEC Act S.46 Settlement Committee Meeting No. 10/2025 Settlement Committee
coin to a group of people, approximately 70-100 member, through the LINE application, and they also engaged in one-on-one sales. Due to Zii Token coin being classified as a not-ready-to-use utility token
Zii Token coin to a group of people, approximately 70-100 member, through the LINE application, and they also engaged in one-on-one sales. Due to Zii Token coin being classified as a not-ready-to-use
offered Zii Token coin to a group of people, approximately 70-100 member, through the LINE application, and they also engaged in one-on-one sales. Due to Zii Token coin being classified as a not-ready-to
collateral. Furthermore, BAY failed to monitor and oversee the collateral while it was under its care. Such actions constitute a violation of Section 300 in conjunction with Section 46, which is subject to