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![kshaughnessy2 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::22259843.png) kristen shaughnessy [@kshaughnessy2](/creator/twitter/kshaughnessy2) on x 24.4K followers
Created: 2025-06-21 12:20:42 UTC

They never tell you what or how those companies/stocks were impacted by those billions of micro-cap shares 

"Originally filed in 2023 by the SEC’s leadership under Gary Gensler, the case hinged on the allegation that Auctus generated over $100m by converting debt to equity and selling those discounted shares – activities the agency claimed triggered dealer-registration requirements under Depression-era law. 

In July 2024, Judge Angel Kelley of the US District Court for Massachusetts refused to dismiss the suit, warning that the SEC’s broad interpretation could force all US hedge funds into dealer registration.

Despite that earlier ruling, the SEC and Auctus agreed to drop the matter without any admission of fault or penalties for either side..."

![](https://pbs.twimg.com/media/Gt94g3EXMAA1Ycz.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1936398874609897577/c:line.svg)

**Related Topics**
[sec](/topic/sec)
[debt](/topic/debt)
[$100m](/topic/$100m)
[generated](/topic/generated)
[gary gensler](/topic/gary-gensler)
[stocks](/topic/stocks)
[billions](/topic/billions)
[auctus](/topic/auctus)

[Post Link](https://x.com/kshaughnessy2/status/1936398874609897577)