ETF Managers Group Statement in Response to SEC Press Release

Posted by Business Wire August 1, 2023

SUMMIT, N.J.–(BUSINESS WIRE)–In response to the U.S. Securities & Exchange Commission (SEC) press release regarding an agreement it has reached with ETF Managers Group and its chief executive officer, Samuel Masucci, the company and Mr. Masucci issued the following statement:

After incurring approximately $10 million in legal fees, and faced with the daunting costs of challenging the SEC in court, the company and Mr. Masucci, without admitting or denying the SEC’s allegations, consented to the SEC’s entry of findings.

Contacts

Robert Zito
Zito Partners

(917) 692-0747

[email protected]

Business Wire
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