ICO issuer charged with fraud by SEC for selling unregistered security

ICO issuer charged with fraud by SEC for selling unregistered security

U.S. securities regulators are still going after ICO cheats from the 2017-18 bull market. Initial coin offerings raised tens of billions of dollars during the last major cryptocurrency bull market. The United States Securities and Exchange Commission, or SEC, has charged a cryptocurrency issuer for “making materially false and misleading statements” in connection with an unregistered security offering conducted between August 2017 and January 2018, offering further evidence that regulators were still targeting initial coin offerings from the last major market mania. Loci Inc., the platform....


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