Some interesting tidbits:
91. Hashlets constitute investment contracts, and thus securities under Section 2(a)(1) [15 U.S.C. §77b(1)] of the Securities Act.
92. No registration statement was filed with respect to the Hashlets sold by defendants, and no exemption from registration was available for these securities.
I wish I could remember who was the first person to bring the hashlets == unregistered securities allegation up in this thread. It only took a year but the US Gov finally agrees

Ahem.