U.S. authorities said a U.K. brokerage helped an undercover FBI agent manipulate shares of a penny stock.
The bank faces an investigation into whether it inappropriately sold in-house investment services.
The SEC has been concerned that some ICOs are raising money for businesses that don’t even exist.
The blowups of these funds has regulators probing whether misconduct played a role.
The number of SEC enforcement cases fell 13 percent last year.
The asset freeze is the biggest action yet for the agency trying to police a red-hot cryptocurrency market.
UBI Blockchain posted no revenue and included a disconnected phone number in its filings.
Through internal oversight, Cohen looks to be trying to ensure that no one ever calls his new venture a " criminal enterprise."
The case is the first to focus on misconduct involving distributed ledger technology and initial coin offerings.
The SEC sought $3.4 billion in sanctions, which is its lowest total since 2013.
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