US SEC Warns Investors That IEOs May Be Breaking Securities Law
Cointelegraph By Benjamin Pirus's original article for cointelegraph.com reduced by 73%
"Be cautious if considering an investment in an IEO. Claims of new technologies and financial products, such as those associated with digital asset offerings, and claims that IEOs are vetted by trading platforms, can be used improperly to entice investors with the false promise of high returns in a new investment space. As described below, IEOs may be conducted in violation of the federal securities laws and lack many of the investor protections of registered and exempt securities offerings." Ai tallied $6 million within a minute of the start of its Feb.
25 IEO, Cointelegraph reported in 2019.The SEC catches upAfter raging popularity in 2017, ICOs faced heat from the SEC in late 2018 as the commission cracked down on the new fundraising method. The SEC urged potential investors to be wary of IEOs, platforms and related advocates touting misleading registrations and approvals.
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CN [too long; didn’t read]
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