Category Archives: Broker dealers

SEC Evolving On Bitcoin

It appears that the Securities and Exchange Commission’s view of crypto-currencies is “evolving.” It is now apparently distinguishing between what it deems to be securities offerings (i.e., initial coin offerings) and tokens that are supposedly “assets.” In a recent speech, … Continue reading

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Academic Study Finds Big Profits in ICOs

To misquote celebrity chef Ina Garten: “How dangerous is this?” Boston College’s Carroll School of Management recently published a study of initial coin offerings (#ICO) concluding: “We find evidence of significant ICO underpricing, with average returns of 179% from the … Continue reading

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Big VCs Push SEC To Back Off

Big Venture Capital that supports crypto-currency firms have hired the major Washington, D.C. lobbyist guns to try to keep the Securities and Exchange Commission and other financial regulators off their backs. According to the Wall Street Journal, “The group wanted … Continue reading

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Selling Stock On GoFundMe – Bad Idea

Let’s face it. Trying to crowdfund millions of dollars to take over a company where the donors get nothing in return is not a viable strategy. Issac Larian’s effort to raise $1 Billion has garnered only $62,000 in pledges to … Continue reading

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Israel Finds Crypto-Currency Not A “Security”

The Israel Securities Authority Committee for the Examination and Regulation of Initial Coin Offerings has ruled that ““cryptocurrencies that are designed to be used exclusively as a medium of payment, clearing, or exchange and are not limited to a specific … Continue reading

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AZ May Be First State To Regulate ICO’s

Arizona may become the first state to regulate crypto-currencies and Initial Coin Offerings. The House bill that just passed through committee would classify ICO’s and equity (as opposed to donation or rewards) crowdfunding as “securities” subject to registration unless exempted … Continue reading

Posted in accredited investor, Banking, Broker dealers, Charity, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Tokens For Film Just Another Unregistered ICO

What is being touted as the “first ever crowdfunding for motion pictures” went live yesterday as just another initial coin offering that appears to be unregistered with the Securities and Exchange Commission. Futureworks is “gifting” tokens on the ethereum blockchain … Continue reading

Posted in accredited investor, Broker dealers, CFTC, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment