Disgruntled Investor Appeals to U.S. SEC Guidelines in Class Action Suit Against Ripple
XRP investor Bradley Sostack has amended a class action suit against , in which he alleges that the company misled investors and proceeded to sell XRP as an unregistered security, in violation of federal law.
Sostack submitted his latest filing on Aug. 5 to a United States district court in California. According to a report by CoinDesk on Aug. 13, the original class action suit was filed about a year ago, but had yet to gain traction as a class action suit. However, Ripple now must reportedly respond to this latest action by some time in mid-September.
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