SEC Details Reasons For ICO ‘Suspensions,’ Warns About Pump-And-Dump
The US Securities and Exchanges Commission (SEC) has issued a warning about ICOs and reasons it could “suspend” them in future.
A circular from the regulator’s Office of Investor Education and Advocacy Monday focuses on “potential scams involving stock of companies claiming to be related to, or asserting they are engaging in” ICOs.
In the bulletin, the SEC highlights three reasons it could “suspend trading” for “public interest” if an ICO provider is found to have fallen short of the law.
These are:
- "A lack of current, accurate, or adequate information about the company _ for example, when a company has not filed any periodic reports for an extended period;
- Questions about the accuracy of publicly available information, including in company press releases and reports, about the company’s current operational status and financial condition; or
- Questions about trading in the stock, including trading by insiders, potential market manipulation, and the ability to clear and settle transactions in the stock."
Full story at http://bit.ly/2wGHW6x
Source: CoinTelegraph
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Resteemed
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Love this post! Some people just do ico to make money with know projects to bark the coin. Resteemed!
How can the SEC regulate a crypto ICO? Is that really possible?
And if they can, as far as I'm concerned, that would make cryptocurrencies far less attractive.
SEC should look at Superiorcoin and the people behind this. Conflicting info all of which need clarifying.
All people associated with the theft of Superior Coin including @sydesjokes are headed straight to prison and it must be kept off exchanges so that money can be recovered and people refunded
MQ Turd, aka crowdifywepayyou, aka whoever the fuck you are. Just give it up, you've been ousted, you know you're a scammer. You know you have nothing. You are a scammer and a conman, or at best, you have mental issues that need urgent care.
Yes he is and claims to have bribed police in different countries to go after people. He can't get people to help him so he is offering to pay people on Facebook to go after people. He even said he was going to hunt down one woman. He has done this many times in the past. He is a cyber bully and harasses and threatens people especially women.
Please ignore and mute @crowdifywepayyou as he is a scammer and does this on different sites.