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.
I agree with you, if i am not wrong around more then 30% investors are from US and still more then 10% of them are holding coins. So i think if the proceedings should start soon, then they can be caught now if not they are smart enough to get clear from this charges.
And what exactly can US do to companies outside of US? Not much, I would assume. They can only forbid Jani to enter USA again? I mean its not the case where Jani and Tim would be chased as criminals.
And maybe ICN was launched before the SEC opinion that ICO should be securities?