ACI's Weebs Chaos Labs Ltd - Late Notice Filing Consent Order
Summary
The New Hampshire Bureau of Securities Regulation entered a consent order against ACI's Weebs Chaos Labs Ltd for failing to timely notice file the sale of federal covered securities. ACIL sold securities in NH on July 4, 2024 but did not file its required notice with the Bureau until August 12, 2025, over one year after the first sale and well beyond the statutory 15-day requirement under RSA 421-B:3-302. ACIL agreed to pay a $2,500 administrative penalty and to cease and desist from further violations.
What changed
The NH Bureau of Securities Regulation found ACIL liable for violating RSA 421-B:3-302, which requires issuers of federal covered securities to file notice with the Bureau within 15 days of the first sale in New Hampshire. ACIL sold securities in NH on July 4, 2024 but did not submit its notice filing until August 12, 2025, making it delinquent by more than one year. Under RSA 421-B:6-614(d)(2), notice filings delinquent by more than one year are subject to fines and penalties.
As a result of this enforcement action, ACIL is now subject to a $2,500 administrative penalty and a cease and desist order prohibiting further violations. Any entity selling securities in New Hampshire, particularly cryptocurrency or digital asset issuers relying on Regulation D exemptions, must ensure timely notice filing with the Bureau within 15 days of the first sale to avoid similar penalties. This consent order establishes that delayed filings exceeding one year will trigger enforcement action regardless of the exemption relied upon.
What to do next
- Cease and desist from further violations of RSA 421-B:3-302 notice filing requirements
- Pay administrative penalty of $2,500 to the State of New Hampshire
- File timely notice with NH Bureau of Securities Regulation for all future securities sales in the state
Penalties
$2,500 administrative penalty
Archived snapshot
Apr 8, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
STATE OF NEW HAMPSHIRE DEPARTMENT OF STATE BUREAU OF SECURITIES REGULATION CONCORD, NEW HAMPSHIRE IN THE MATTER OF: ) ) ACl's Weebs Chaos Labs Ltd ) 1-2026000006 ) ) RESPONDENT ) CONSENT ORDER
For purposes of settling the above-referenced matter and in lieu of further administrative
proceedings, ACI's Weebs Chaos Labs Ltd (hereinafter referred to as "ACIL"), has submitted an offer of settlement, which the Bureau of Securities Regulation, Department of State, State of New Hampshire (hereinafter referred to as "the Bureau") has determined to accept. Accordingly. ACIL, without admitting or denying the allegations or findings contained herein, does hereby consent to the entry of this Order and the following undertakings and sanctions: The FactsOn July 4, 2024, ACIL made the first sale of its securities in this state to a New
Hampshire resident.On August 12, 2025, ACIL sent a notice filing to the Bureau relying on the exemptions
from securities registration provided by Rule 506 of Regulation D under the Securities Act of 1933, as amended, and New Hampshire RSA 42 I -B:3-302.The notice filing was received by the Bureau on August 12, 2025.
AnalysisPursuant to RSA 421-B:3-301, it is unlawful for any person to offer or sell any security in
this state unless the security is registered pursuant to RSA 421-B; the security, offer, or transaction is exempt under RSA 421-B:2-20 I through 2-203; or the security is federally covered. Respondent ACIL is subject to this provision.Pursuant to RSA 421-B:3-302, ACIL, which sold a federal covered security as described
in section l 8(b )(4)(F) of the Securities Act of 1933, was required to notice file with the Bureau within fifteen (15) days of the first sale in New Hampshire. Yet, as outlined
above, ACIL filed its notice filing on August 12, 2025, more than one year after the first of covered securities in New Hampshire. sale
Pursuant to RSA 42 l-B:6-614( d)(2), any notice filing delinquent by more than one (I)
year may be subject to the fines and penalties outlined in RSA 42 l-B:6-603, 6-604, and 5-508. Respondent ACIL is subject to this provision. IL In view of the foregoing, Respondent agrees to the following undertakings and sanctions:Respondent ACIL agrees that it has voluntarily consented to the entry of this Order and
represents and avers that no employee or representative of the Bureau has made any promise, representation, or threat to induce its execution.Respondent ACIL agrees to waive its right to an administrative hearing and any appeal
therein under this chapter.Respondent ACIL agrees that this Order is entered into for the purpose of resolving only
the matter as described herein. This Order shall have no collateral estoppel, res judicata, or evidentiary effect in any other lawsuit, proceeding, or action, not described herein. Likewise, this Order shall not be construed to restrict the Bureau's right to initiate an administrative investigation or proceeding relative to conduct by Respondent which the Bureau has no knowledge at the time of the date of final entry of this Order.Respondent ACIL agrees not to take any action or make or permit to be made any public
statement, including in regulatory filings or otherwise, denying, directly or indirectly, any allegation in this Consent Order or create the impression that the Consent Order is without factual basis. Nothing in this provision affects Respondent's testimonial obligations or right to take legal positions in litigation in which the State of New Hampshire is not a party.Respondent ACIL agrees to cease and desist from further violations of RSA 42 l-B:3-
302(c).Respondent ACIL by and through GM Echo Manager Ltd agrees to cause to be paid to
the State of New Hampshire administrative penalties in the amount of two thousand five hundred dollars ($2,500).Upon execution of this Order by Respondent ACIL, Respondent agrees to cause to be
paid a total of two thousand five hundred dollars ($2,500) to the State of New Hampshire, which will be applied to settlement of the above-captioned matter. Payment must be made
by l) business check, certified check, or postal money order; 2) made payable to the State ofNew Hampshire; and 3) mailed to the Bureau of Securities Regulation, Department of
NH State 107 North Main St, Room 204, Concord, 03301.
This Order is not intended to indicate that Respondent ACIL should be subject to any
statutory disqualifications set forth in (a) the federal securities laws or regulations promulgated thereunder, (b) the rules and regulations of any self-regulatory organization, or (c) various state's securities laws, including any disqualifications from relying on exemptions from registration or associated safe harbor provisions. The Bureau confirms that disqualifications under 17 C.F.R. § 230.506( d)(I )(iii) should not arise, and is not intended to arise, as a consequence of this Order.Based on the foregoing, the Bureau deems it appropriate and in the public interest to
IT THEREFORE, IS HEREBY ORDERED THAT: accept and enter into this Order.
- Respondent cease and desist from further violations of RSA 421-B:3-302(c).
Respondent pay administrative penalties in the amount of two thousand five hundred
dollars ($2,500).Respondent comply with the above-referenced undertakings and sanctions.
Executed this~ day of , 2026. _ Ma rc h __
O~ 's Weebs Chaos Labs Lid (Please print name below)
Glenn Kennedy, for Gm Echo Manager Ltd in its capacity as director 2Q:: _____ -• 31
S-~ Entered this day of /)t•·"/v(......_ , 2026.
Eric Forcier, Director N.H. Bureau of Securities Regulation
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