Colorado office of SEC keeps shutting down ICOs

Posted 12 November, 2018

Colorado Division of US Securities and Exchange Commission ordered four ICOs to cease operations charging distribution of unregistered securities.

The authority stated in the press release:

"The orders are the result of investigations by an “ICO Task Force” convened within the Division, part of the Department of Regulatory Agencies (DORA), in May of this year to investigate potentially fraudulent activity targeting investors excited about the prospects of financial windfall through the cryptocurrency market."

According to the released report, 12 ICO campaings in total have been shutdown following the order of the DORA. In particular, the corresponding document covering Bitcoin Investments Ltd., PinkDate, Prisma and Clear Shop Vision Ltd. was signed by the Commissioner by the end of last week. All these companies are said to violate the effective rules since each of them carried out different campaigns to attract funds via ICO, which were not registered as securities distribution with the state SEC office. 

The regulator determined:

"All Respondents have been directed to immediately cease and desist all alleged violation of the Colorado Securities Act, to include unregistered securities and fraud."
 

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12 November, 2018 17:53

← Euro touches bottom, US dollar hikes

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Euro touches bottom, US dollar hikes

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12 November, 2018 15:43

Trader fined and sent to jail for fraud scheme, CFTC reported →

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Trader fined and sent to jail for fraud scheme, CFTC reported
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