Tag Archives: securities

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

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Court Says Securities Fraud Case on Cryptocurrency Can Move Forward

More to come as Judge Raymond Dearie in the Eastern District of New York Federal court has ruled that securities law fraud cases can be brought against promoters of cryptocurrencies. Now, the U.S. Securities and Exchange Commission’s case can move … Continue reading

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

Swiss Loosen Money Laundering Rules For Fintechs

In a move counter to today’s legal tightening, Swiss banking authorities are loosening rules to counter money laundering for small new fintech companies. The regulator, FINMA, has determined that “small” institutions are those with gross revenues under 1.2 million Swiss … Continue reading

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

Initial (Beer) Can Offering

Only in California: A San Francisco company is combing a craft brewery with a crowdfunding campaign for an Initial Coin Offering for stock to be celebrated by a beer called ICO. On July 11, Seven Stills Brewery & Distillery will … Continue reading

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Crypto-Currency Ads Back On Facebook

What do Prince Charles, Jennifer Aniston and Justice Ruth Bader Ginsburg have in common? All of their images have been used to sell cryptocurrencies and none of those folks agreed to be used in that manner. The spate of recent … Continue reading

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

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

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

Academic Study Finds Big Profits in ICOs

To misquote celebrity chef Ina Garten: “How dangerous is this?” Boston College‚Äôs 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

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