![[H]ard|Forum](/styles/hardforum/xenforo/logo_dark.png){kind=logo}
DooKey
[H]F Junkie
- Joined
- Apr 25, 2001
- Messages
- 13,552
According to the Wall Street Journal the SEC has issued subpoenas and information requests to several companies that have issued an Initial Coin Offering (ICO) recently. This does jive with the warning from the SEC Chairman back in December that ICO's may be violating securities. Whether or not this is going to put a crimp in the ICO business is open for debate, however, I bet those that want to issue an ICO in the future are going to be very careful when they do so. Read the original story here if you have a Wall Street Journal subscription.
More specifically, it appears that the SEC is requesting details of sale structures and the pre-sale elements to them, which often include deep discounts for those investing large sums or committing to an ICO early on.
More specifically, it appears that the SEC is requesting details of sale structures and the pre-sale elements to them, which often include deep discounts for those investing large sums or committing to an ICO early on.
