https://www.sec.gov/litigation/investreport/34-81207.pdfTook them long enough but it looks like the ETH shittoken wave finally caught their attention. It was silly to expect a free pass on security laws by calling it an ICO instead of IPO, or by using a Seychelles address.
BTW Garza gets a mention in the document... his dream of stardom coming true, albeit in a criminal way.
so mr coins was right? sec approved for lawsuits?
im sure ion will be fine because even though huey lives in usa and sells to everything hes very clever and thought of everything.. that incorporation outside usa foiled the sec. such business peowess!
Luckily for ionomy, their relative obscurity is probably going to help them slip under the SEC radar. If the SEC decides to go after ICOs there are much jucier targets. However we shouldn't underestimate the idiocy permeating this project. They are very capable of shooting themselves in the foot. E.g. a misguided press release boasting about some "never done before" financial feature - such as an "investment opportunity" in masternode hosting - could light the radar up.