ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) has charged Jump Trading's wholly-owned subsidiary Tai Mo Shan with misleading investors regarding the stability of Terra USD (UST), a so-called "algorithmic stablecoin" issued by Terraform Labs PTE Ltd. (Terraform).The Commission also accused Tai Mo Shan of acting as a statutory underwriter by issuing and selling securities in unregistered transactions, with LUNA being the cryptocurrency asset issued by Terraform, treated as securities for issuance and sale.As part of a settlement agreement, Tai Mo Shan agreed to pay $73,452,756 in illegal gains, $12,916,153 in pre-judgment interest, and $36,726,378 in civil penalties. Tai Mo Shan neither admits nor denies the findings of the SEC's investigation and agrees to cease violations of registration and fraud provisions.