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Dream Exchange Loses Bid for an SEC License

The Wall Street Journal

November 28, 2025

The Securities and Exchange Commission rejected Dream Exchange's application for a license to run a stock exchange two months after The Wall Street Journal reported on the startup's undisclosed financial ties to the Church of Scientology.

- BY ALEXANDER OSIPOVICH AND KEVIN T. DUGAN

Dream Exchange Loses Bid for an SEC License

Joseph J. Cecala, left, and Dwain J. Kyles at Dream Exchange offices on Sept. 4, 2024

JERMAINE JACKSON JR. FOR WSJ

Denne historien er fra November 28, 2025-utgaven av The Wall Street Journal.

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