Tag Archives: registration

SEC Shuts Down ICO Claiming SEC Approval

Don’t tug on Superman’s cape: The Securities and Exchange Commission got an emergency court order to stop an Initial Coin Offering that falsely claimed that the SEC had “approved” the ICO. It also halted pre-sales of the tokens from Blockvest … Continue reading

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

Bad Timing For Crowdfunding Bump Stocks?

Bad idea combined with bad timing has a company crowdfunding what appears to be a bump-stock-like device for a handgun. The campaign is currently running on IndieGoGo, pre-selling these clip-on devices for $299 (clearly making a big profit off of … Continue reading

Posted in accredited investor, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Investments, Jobs, review, SEC, Small Business, technology, VC, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Kodak ICO Apparently Re-Boot Of Failed Crowdfunding

Some good reporting by ArsTechnica has uncovered that the Kodak Initial Coin Offering is apparently a re-hash/re-boot of a failed ICO by Wenn Digital known as the RYDE coin. The article notes that “RYDE coin that never got much attention … Continue reading

Posted in accredited investor, balance, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

SEC Stops ICO In Its Tracks

The Securities and Exchange Commission halted a crowdfunded Initial Coin Offering in its tracks this week when it issued a cease and desist order against Munchee. “Munchee was seeking $15 million in capital to improve an existing iPhone app centered … Continue reading

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

SEC Warns Professionals About Bitcoins

As the futures price of Bitcoin surged past the spot price on the first official day of futures trading on the Cboe, the Chairman of the Securities and Exchange Commission ramped up his warning. In a public memo, Chairman Clayton … Continue reading

Posted in accredited investor, balance, Broker dealers, CFTC, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, FINRA, fraud, Funding Portals, Investments, Jobs, Legislative Intent, penalty, review, SEC, Small Business, technology, unfair and deceptive practice, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

SEC Halts Initial Coin Offering

In a first enforcement action against an Initial Coin Offering (ICO), the Securities and Exchange Commission obtained an emergency asset freeze to stop a the sale of “Plexcoins.” Although the action was against alleged serial Canadian fraudsters, it marks the … Continue reading

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

Robot Crowdfunds Its Brain

Creepiest crowdfunding campaign yet (and possibly a problematic one) is the initial coin offering to fund the artificial intelligence of a humanoid robot, Sophia. The fiat currency is being raised to fund ” SingularityNET, an open source platform for AI … Continue reading

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