Operation Crypto-Sweep Begins

Winter is coming for Initial Coin Offerings  in the form of “Operation Crypto Sweep” that started at the beginning of May.

The Wall Street Journal reports that U.S. and Canadian securities regulators have instituted almost “70 open investigations and 35 pending or completed enforcement actions” and a source says it’s just the tip of the iceberg.

Also announced was an agreement among state and federal securities regulators and the Commodities Futures Trading Commission to share non-public enforcement information.

Watch this space for more enforcement actions.

https://www.wsj.com/articles/state-and-provincial-regulators-in-u-s-and-canada-target-initial-coin-offerings-1526918512

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, CFTC, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, fraud, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology, VC, Venture Capital and tagged , , , , , , , , , , , , , . Bookmark the permalink.

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