Hundreds of startups are reportedly being secretly targeted by the U.S. Securities and Exchange Commission for their involvement with initial coin offerings. Companies that participated in ICOs are now scrambling to clarify whether their token constituted a security, and, if so, whether it was properly registered with or exempted by the SEC.
Yahoo Finance and Decrypt claims that Hundreds of startups that did token sales are finding out theyre in violation of securities law including many that were sure they did it the right way.
https://news.bitcoin.com/hundreds-of-icos-being-secretly-investigated-by-sec-claims-report/Its better to do it than watching those ICO projects get our money and then gone, so its better that SEC would investigate this fraud ICO scattered nowadays, me too a victim of this fake ICO. Been able to promote their projects and turn out that they are scam, im so shame for promoting it, i should be more cautious nowadays of what ICO have working products, than riding on the hypes.