Sasha will eventually be fined for issuing unregistered securities over Coinomat assets and WAVES ICO like EOS and SIA , but also securities fraud and theft for not completing the promised Coinomat asset swaps from 2016. Coinomat investors had their funds stolen, that is not the same as EOS and SIA investors who still have access to the assets they purchased.
Regarding the fines, it is just a slap on the wrist. These large ICOs will be able to pay the fines with their eyes closed. I dont think fines will have a big impact on these tokens.
Fines are for securities violations, (issuing ICO tokens illegally), but Sasha has bigger problems than that with Coinomat, he stole investor funds when he did not fulfill the agreed swap of coinomat assets to WAVES in 2016 as promised - that's a criminal offense and he can go to jail if the SEC prosecutes him for securities fraud.
Securities fraud is much more serious than just issuing unregistered securities in an ICO. Sasha stole investor funds and he can go to prison for that crime!Sasha Ivanov is guilty of securities fraud, he stole money from his original Coinomat investors and if he doesn't rectify the situation soon he will probably end up behind bars, simple as that.