SEC, charges Additional Defendant in Fraudulent, iCO

The Securities and Exchange Commission has been warning investors about the dangers of initial coin offerings and the proliferation of scam ICOs for some time now. The offering included a pre-sale in which early purchasers could buy MUNs at discounts to the offering price. The SECs amended complaint, filed in federal court in Manhattan, charges Trapani with violating the anti-fraud and registration provisions of the federal securities laws. In a recent Senate hearing, SEC Chairman Jay Clayton indicated that the SEC was pounding the beat.

Company Halts, iCO After SEC Raises Registration

 Investors should exercise caution about investments in digital assets, especially when they are marketed with claims that seem too good to be true. The regulator is apparently so concerned about educating on the issue, it decided to get creative with its approach - and promote a bogus ICO of its own. In an amended complaint filed today, the SEC charged one of Centras co-founders, Raymond Trapani, in a fraudulent scheme related to Centras 2017 ICO, in which the company issued CTR Tokens to investors. Previous and related coverage, cryptocurrency miners bought 3 million GPUs in 2017. The SEC has been open about meeting with people from the industry, to come in and meet with the staff, to talk about the ideas you have, the new developments, and have a dialogue about the new technology, he said during a panel at Consensus.

SEC, official: ICO, market Shows Need for Securities

See, can Regulation A Succeed Where Regulation A Failed? According to multiple sources, many of the ICOs under the microscope have been transactions where investors received a token that does not yet have any use because the proposed blockchain network has yet to be built. For instance, after Circle's acquisition of crypto exchange Poloniex, New York Times reporter Nathaniel Popper tweeted out a slide deck apparently showing that the SEC told Circle it would not pursue enforcement action against Poloniex if Circle moved promptly to seek the appropriate regulatory approval.

SEC ICO Probe Underway, But Stories Conflict

The Commissions investigation, which is continuing, is being conducted by Jon. Munchee intended to sell blockchain-based digital tokens or coins (MUNs) in order to raise about 15 million to improve its application. The SEC and state securities regulators are pursuing violations, but we again caution you that, if you lose money, there is a substantial risk that our efforts will not result in a recovery of your investment. When users press the Buy Coins Now button, they are instead directed to page at another SEC site - this one with investor education tools and tips.

SEC, stops 'Munching' Munchee's, iCO, after Reg., forbes

The gaming giant believes that cryptocasinos could be the next big thing. The Commission wishes to acknowledge the assistance of the.S. First, on October 1, Munchee announced that it would be launching a public ICO of 500 million MUNs.

SEC pursues dozens of companies in cryptocurrency

Instead, it imposed a cease and desist order on any future violations of Sections 5(a) and (c) of the Securities Act by Munchee. Cohen, Chief of the SEC Enforcement Divisions Cyber Unit.