Crypto Assets - SEC.gov
Oct 10, 2024 · The Commission filed a district court action and obtained an emergency asset freeze against an allegedly fraudulent ICO that claimed to run the world’s first “decentralized bank.” The Commission later settled with two former executives behind the allegedly fraudulent ICO in December 2018. 1/25/2018 . 12/11/2018. In re Munchee, Inc
Statement on Cryptocurrencies and Initial Coin Offerings
Dec 11, 2017 · The cryptocurrency and ICO markets have grown rapidly. These markets are local, national and international and include an ever-broadening range of products and participants. They also present investors and other market participants with many questions, some new and some old (but in a new form), including, to list just a few:
Framework for “Investment Contract” Analysis of Digital Assets
I. Introduction. If you are considering an Initial Coin Offering, sometimes referred to as an "ICO," or otherwise engaging in the offer, sale, or distribution of a digital asset, you need to consider whether the U.S. federal securities laws apply.
Two ICO Issuers Settle SEC Registration Charges, Agree to Register ...
Nov 16, 2018 · Today’s cases follow the Commission’s first non-fraud ICO registration case, Munchee, Inc. The Commission did not impose a penalty or include undertakings from Munchee, which stopped its offering before delivering any tokens and promptly returned proceeds to …
SEC CHARGES QUANTSTAMP, INC. IN $28.35 MILLION INITIAL …
July 21, 2023 – The Securities and Exchange Commission today announced charges against Quantstamp, Inc., headquartered in San Francisco, California, for conducting an unregistered initial coin offering (ICO) of crypto asset securities. Quantstamp agreed to settle the charges by disgorging proceeds from the offering and paying a civil penalty.
Search Filings - SEC.gov
Jul 2, 2024 · Enjoy free public access to millions of informational documents filed by publicly traded companies and others in the SEC's Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system.
Two Celebrities Charged With Unlawfully Touting Coin Offerings
Nov 29, 2018 · "With no disclosure about the payments, Mayweather and Khaled's ICO promotions may have appeared to be unbiased, rather than paid endorsements." "Investors should be skeptical of investment advice posted to social media platforms, and should not make decisions based on celebrity endorsements," said Enforcement Division Co-Director Steven …
Sohrab (Sam") Sharma - SEC.gov
Apr 20, 2018 · SEC Obtains Final Judgments Against Defendants in Fraudulent ICO Scheme Litigation Release No. 25396 / May 19, 2022 Securities and Exchange Commission v. Sohrab ("Sam") Sharma, et al., Civil Action No. 18-cv-02909 (S.D.N.Y. filed April 20, 2018)
Telegram to Return $1.2 Billion to Investors and Pay $18.5 Million ...
Jun 26, 2020 · The Securities and Exchange Commission announced today that it obtained court approval of settlements with Telegram Group Inc. and its wholly owned subsidiary TON Issuer Inc. to resolve charges that Telegram's unregistered offering of digital tokens called "Grams" violated the federal securities laws.
SEC v. Middleton, et al. Case No. 19-cv-4625 (E.D.N.Y.)
May 29, 2020 · The Commission also alleged that Middleton manipulated the price and volume of VERI on secondary digital-asset trading platforms during the VERI ICO. See the Complaint . On November 1, 2019, the Court entered a final judgment that ordered the Defendants to pay $7,891,600 in disgorgement and $582,535 in prejudgment interest, and Middleton to pay ...