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Cryptocurrency & Digital Asset Counsel

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Another Technology Company Settles SEC Charges Over ICO Violations

February 12, 2020 by

Blockchain of Things (“BCOT”), a technology company, has agreed to settle charges with the Securities and Exchange Commission (“SEC”) for conducting an initial coin offering (ICO) without registering it as a securities offering or qualifying for any registration exemptions.  The settlement requires BCOT to agree to a cease and desist order, pay a $250,000 civil fine, return funds to any investors who file a request, and register the tokens as securities.

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Blog | Cryptocurrency & Digital Asset Counsel | Due Diligence Counsel | Regulatory Examinations & Enforcement Counsel

Unregistered ICO: The SEC Brings More Charges

July 19, 2019 by

With the passing of every month, the investment industry sees another round of enforcements involving the mishandling of initial coin offerings (“ICOs”). The still nascent landscape of cryptocurrency investing continues to pose significant difficulties for investors, firms, and regulatory…

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