Jeremy Kauffman

Jeremy Kauffman stands outside LBRY’s office in downtown Manchester.

CONCORD — Federal regulators have said they are willing to reduce millions in proposed fines against a Manchester-based tech company that a judge has found violated securities laws.

Last Friday, the U.S. Securities and Exchange Commission asked a judge to approve a civil penalty of $111,614 against LBRY Inc., which issued its own cryptocurrency and used it to build, an decentralized video-sharing social media site.