SEC wins summary judgment against Kik ICO
Judge Alvin Hellerstein ruled in favor of the SEC and against Kik’s $100 million ICO, finding that the token sale was in fact an unregistered digital token offer.
Latest Securities and Exchange Commission News
SEC charges man involved in Florida digital currency fraud
Thomas J. Gity claimed to be a highly-successful digital asset trader in soliciting investment from at least 18 victims, the regulator said.
US regulator demands jury trial for alleged digital currency fraud
The U.S. SEC is pursuing damages from Swedish national Roger Nils-Jonas Karlsson on behalf of “thousands of retail investors.”
SEC settles fraud charges against $2.4M SoluTech ICO scam
SoluTech was founded in September 2017 by Nathan Pitruzzello while he was still a student at the University of New Haven.
SEC halts securities trading for Vortex Blockchain Technologies
The little-known Vortex Blockchain Technologies is a company that claims to have operations in several areas related to digital currencies.
Philippines regulator warns against Mining City cloud mining scam
Cloud mining company Mining City reportedly promises returns of up to $92 daily, paid out in Bitcoin Vault tokens.
Unikrn settles with SEC over its 2017 ICO
The U.S. securities regulator has reached a settlement with Seattle-based Unikrn Inc. over allegation it violated securities laws during the 2017 ICO craze.
Digital assets recognized as securities in Nigeria, regulator confirms
The Nigerian Securities and Exchange Commission says it will regulate digital tokens and currencies if they qualify as securities transactions.
ICO scam lands rapper TI, 3 others in hot water with US regulator
American rapper and record producer TI has been ordered to pay $75,000 for his role in an unregistered and fraudulent ICO.
BitClub Network co-conspirator admits offering unregistered securities
Promoter Joseph Frank Abel admitted to receiving money from investors for shares in the BitClub Network mining pool.
US regulator investigates Robinhood over disclosure errors
The app-based platform is alleged to have failed in its duty to disclose the information, with its ‘How We Make Money’ page silent on sales of its order flow.
Hester Peirce won’t be leaving the SEC anytime soon
Hester Peirce, the U.S. Securities and Exchange Commission commissioner known for her digital currency-friendly stance, has been sworn in for her second term in office.