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Title: The 1st SEC charge for a Security Token Post by: thechex on October 01, 2017, 12:01:10 AM The first one was not only a security token (unregistered security selling an 'expectation of profit' to token buyers) but also a scam:
http://www.zerohedge.com/news/2017-09-29/sec-files-first-ever-civil-fraud-charges-against-ico-companies (http://www.zerohedge.com/news/2017-09-29/sec-files-first-ever-civil-fraud-charges-against-ico-companies) However, there are many legit token projects that are not a scam, but set up as a security offering (investment contract, expectation of profit, etc) even if their intention is a utility token (access to platform/services). In those cases, they need to be registered with the SEC or they are illegal, and there's a good chance the SEC will investigate them to protect investors. Be careful buying tokens that are unregistered securities. We carefully structured the CHEX as a utility token: https://bitcointalk.org/index.php?topic=2112470.msg21120617#msg21120617 (https://bitcointalk.org/index.php?topic=2112470.msg21120617#msg21120617) Title: Re: The 1st SEC charge for a Security Token Post by: baradfo on October 01, 2017, 01:24:35 AM Not only register with the SEC, but FINRA and FINCEN as well. You could also look into taking the series 63 exam and get certified.
Title: Re: The 1st SEC charge for a Security Token Post by: 左 on October 01, 2017, 01:30:42 AM That was fast, I guess with some time we will being seeing a lot less ico's popping up. ::)
Title: Re: The 1st SEC charge for a Security Token Post by: Crypto-watch-Talk on October 01, 2017, 01:34:50 AM Will all these sort of rules etc really depend on the country you live in and running the ICO from. As we all know different countries have different laws and regulations.
Title: Re: The 1st SEC charge for a Security Token Post by: bbc.reporter on October 01, 2017, 02:01:14 AM This is the first of many take downs that will occur in the cryptospace. I predict there will be an SEC witch hunt on many ICOs on 2018. This will make cryptocoins like Aeon a more attractive choice for investment. Almost all the developers behind ICOs have no technical talent to create useful decentralized apps. Some may be scamming us by making us think that they can do what they claim.
Title: Re: The 1st SEC charge for a Security Token Post by: fia_naila on October 01, 2017, 02:14:47 AM This will make com0any which doing ico aware of sec and also makes investor aware of good ico. It is good when there is ico charged by sec to protect investor money. And i think 2018 will be the rise of main net coin or the PoW coin will be great again.
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