SEC Probes Companies Who Are Launching Initial Coin Offerings (ICO)
SEC Probes Companies Who Are Launching Initial Coin Offerings (ICO). Virtually all ICOs are waiting to be watched while the industry is in charge of doing this legally. In the last few days, we’ve had a ton of inbound interest at our firm from issuers and advisors in the past few days as rumors of the SEC sweep spread.
In an interview, Kaplan, an associate at a law firm Gusrae Kaplan, and co-founder of Promethium, a firm that helps new companies seeking to comply with an ICO, analyzes the cloud of uncertainty surrounding ICO’s projects such as the pursuit of SEC and restrictions within the space.
ICO issuers are afraid, investors may have ended up with unlawful papers that cannot be exchanged, said securities attorney Aaron Kaplan to Cryptonews.com.
There will be a big difference for those who have operated outside of the Federal Securities Laws, with more enforcement actions by the SEC and criminal prosecutions in the near future.
Join Us On Telegram