SEC Charges Two ICO Startups for Failing to Register Their Tokens As Securities | CryptoGlobe
On Friday (16 November 2018), the U.S. Securities and Exchange Commission (SEC) announced that two blockchain startups that had raised funds in 2017 via ICOs had agreed to refund investors, register their tokens as securities, file regular reports with the SEC, and pay civil penalties for registration violations.
Source of shared Link
Only 2? This might turn into an avalanche if the prosecutions are successful. I wonder if you can pay fines in Crypto?
That would be easier for them if they can pay the fines in Crypto. But I don't think SEC will allow that.
If they break the rules and don't follow the instruction from the commission, they should be fined and punished. We have to remember that the centralized authorities are still in charge!
This is no surprise. The SEC is out to stop this industry so they can hand it over to Wall Street. Their goal is obvious.
Hi @truthtrader!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 3.529 which ranks you at #6294 across all Steem accounts.
Your rank has dropped 97 places in the last three days (old rank 6197).
In our last Algorithmic Curation Round, consisting of 286 contributions, your post is ranked at #158.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
Congratulations,
you just received a 12.68% upvote from @steemhq - Community Bot!
Wanna join and receive free upvotes yourself?
Vote for
steemhq.witnesson Steemit or directly on SteemConnect and join the Community Witness.This service was brought to you by SteemHQ.com