https://www.sec.gov/news/press-release/2018-264
Washington D.C., Nov. 16, 2018
The Securities and Exchange Commission today announced settled charges against two companies that sold digital tokens in initial coin offerings (ICOs). These are the Commissions first cases imposing civil penalties solely for ICO securities offering registration violations. Both companies have agreed to return funds to harmed investors, register the tokens as securities, file periodic reports with the Commission, and pay penalties.
...
Hello you cunts. long time no see.
ICOs are starting to get rekt by the SEC
Hope Jani has enough money stashed for refunds.
Washington D.C., Nov. 16, 2018
The Securities and Exchange Commission today announced settled charges against two companies that sold digital tokens in initial coin offerings (ICOs). These are the Commissions first cases imposing civil penalties solely for ICO securities offering registration violations. Both companies have agreed to return funds to harmed investors, register the tokens as securities, file periodic reports with the Commission, and pay penalties.
...
Hello you cunts. long time no see.
ICOs are starting to get rekt by the SEC
Hope Jani has enough money stashed for refunds.
SEC can go fuck itself. Doesn't apply to this project.
Only US start-ups and investors should be concerned.
Am sure plenty of US based investards who threw money at Jani's ICO beg to differ.
There were quite a few if memory serves me right.
Good luck.
Yeah, just because you are in a different country doesn't exempt you from these laws, especially when you market to US investors. The premise that Iconomi raised money on is ICN being purely a security. Then they took the money from investors and paid themselves. This is a scam.
The only thing is, SEC cannot bring criminal charges against these founders, but other agencies can.