The president of Overstock's tZero subsidiary has one simple message to convey: "We have not received a subpoena."
Since public documents Thursday revealed the e-commerce giant's efforts to raise funding via an initial coin offering (ICO) had drawn scrutiny from the SEC's Division of Enforcement, Joseph Cammarata has been speaking out, seeking to put forth the message that Overstock is "willingly working" with regulators.
The documents, published this morning on the SEC's website, describe an investigation that's looking into whether federal securities laws were violated as part of the company's $250 million initial coin offering.
https://www.coindesk.com/overstock-exec-calls-tzero-sec-inquiry-welcome-voluntary/
