The US Securities and Exchange Commission (SEC ) filed a motion yesterday (Tuesday) to obtain a temporary restraining order to freeze the assets tied to BAM Management US Holdings and BAM Trading Services, the holding and operating firms for Binance.US.
In the latest court filing at the D.C. District Court, the US regulator requested the asset freeze “on an expedited basis.”
“The SEC respectfully submits that this relief is necessary on an expedited basis to ensure the safety of customer assets and prevent the dissipation of available assets for any judgment, given the Defendants’ years of violative conduct, disregard of the laws of the United States, evasion of regulatory oversight, and open questions about various financial transfers and the custody and control of Customer Assets – including by Defendants who claim they are not subject to the Court’s jurisdiction – as described in the Complaint, Memorandum of Law, and supporting materials,” the court.
The motion came a day after the US securities watchdog filed a lawsuit against Binance, its two US affiliates
