Justin Sun and his affiliated companies were also accused by the SEC in 2023 of manipulating the market prices of crypto assets

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In 2023, Sun and three of his companies, including Tron, were charged by the Securities and Exchange Commission, the US markets regulator, over allegations that they had sold unregistered securities and manipulated the market
As reported by U.Today, the U.S. Securities and Exchange Commission (SEC) took Sun to court back in 2023, accusing him of manipulating the price action of his token.
The merger comes four months after the SEC agreed to pause a fraud investigation into several of Sun’s companies. In 2023, Sun and three of his companies, including Tron, faced SEC charges over allegations of selling unregistered securities and market manipulation.