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SEC Requests UK’s government to Force Telegram’s Former Advisor John Hyman to Testify




The United States Securities and Exchange Commission (SEC) has asked the High Court of England and Wales to force Telegram’s former chief investment advisor John Hyman to testify in the case over the firm’s Grams tokens offering.
Industry news outlet Coindesk reported on Dec. 7 that the SEC’s request was revealed by documents filed by the regulator with the U.S. District Court for the Southern District of New York yesterday. 

Is Ton a Security token?


As Cointelegraph previously reported, the SEC is convinced that Telegram’s Grams tokens are unregistered securities. According to the regulator, Telegram claimed that its Grams Purchase Agreements but did not claim the same about the actual tokens. Furthermore, “in any event, the exemption from registration under Regulation D is not available to Telegram.”
for the filing, SEC is looking to obtain John Hyman’s testimony concerning his involvement in Telegram’s ton fundraising efforts. He reportedly communicated with “over a dozen” investors of the firm’s Telegram Open Network (TON). According to the documents, Telegram CEO Pavel Durov defined him in a statement issued last year January as the person who “runs the distribution of Grams.”
The U.S. regulator requested U.K.’s authorities to issue a Letter of Request for Hyman’s deposition, given that he is a United Kingdom’s citizen and resides there. According to the filing, the SEC attorney previously contacted Hyman’s counsel and Hyman agreed to appear for a voluntary deposition.
later Hyman’s counsel allegedly “refused to return multiple phone calls and emails regarding Mr. John Hyman’s deposition on the matter.” Other than his testimony, the SEC is also looking to obtain copies of John’s written communications with Telegram’s leadership and investors, documents about his employment at Telegram and his own investment in grams as well as the role he played in the fund raising. 
As Cointelegraph reported at the end of November, a United States federal judge has preserved the SEC’s move to strike Telegram’s defence “for vagueness/lack of notice.”
what do you think the TON creators should do to as to be in good stands with the SEC?
the struggle continues to make blockchain and crypto related projects come mainstream and to really be considered and adopted by the SEC  as another means of securities 


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