ICO Legal Developments

ICO Fraud image

On January 30, 2018, the SEC announced that it had obtained a court order to stop an ICO, which you allege was fraudulently targeting retail investors.  The SEC alleged that the ICO used celebrity endorsements, social media and other “wide dissemination tactics” to raise what it claimed was $600 million in less than two months. […]

securities trading

In his Opening Remarks at the Securities Regulation Institute on January 22, 2018, Securities and Exchange Commission (SEC) Chairman Jay Clayton warned that the SEC is on high alert for ICO’s that are technically structured to avoid being regulated as securities but nevertheless violate the “spirit” of the securities laws.  The following is the exact text […]

Celebrity Endorsement

In a Public Statement that was issued on November 1, 2017, the U.S. Securities and Exchange Commission (SEC) issued a warning, specifically to celebrities and people using social media to promote special offers, that are encouraging people to invest in stocks and similar investments that they were purportedly advocating. The reason that they issued this […]