# SEC takes action against Chinese billionaire’s companies over 0M offerings

# SEC takes action against Chinese billionaire’s companies over $500M offerings

“# SEC takes action against Chinese billionaire’s companies over $500M offerings ” The United States Securities and Exchange Commission (SEC) has charged three of Chinese billionaire Guo Wengui’s companies over an initial coin offering (ICO) and initial public offering (IPO) that fetched around $487 million combined. The infamous Wengui, also known as Miles Kwok or…

Read More
# SEC fines Coinschedule 0K over sponsored, favorable ICO ratings

# SEC fines Coinschedule $200K over sponsored, favorable ICO ratings

“# SEC fines Coinschedule $200K over sponsored, favorable ICO ratings ” The U.S. Securities and Exchange Commission has settled charges against the defunct initial coin offering (ICO) review website Coinschedule.com for violating the anti-touting provisions of federal securities laws. But two SEC commissioners have penned an open letter in response saying the settlement highlights flaws…

Read More
# ICO issuer charged with fraud by SEC for selling unregistered security

# ICO issuer charged with fraud by SEC for selling unregistered security

“# ICO issuer charged with fraud by SEC for selling unregistered security ” The United States Securities and Exchange Commission, or SEC, has charged a cryptocurrency issuer for “making materially false and misleading statements” in connection with an unregistered security offering conducted between August 2017 and January 2018, offering further evidence that regulators were still…

Read More
# Crypto investment platform Coinseed shuts down amid NYAG lawsuit

# Crypto investment platform Coinseed shuts down amid NYAG lawsuit

“# Crypto investment platform Coinseed shuts down amid NYAG lawsuit ” Coinseed, a crypto platform that enabled micro-investing in cryptocurrency assets for its users, has shut down its operations. Delgerdalai Davaasambuu, founder and CEO of Coinseed, announced the decision via a statement published on the platform’s website. Detailing his decision to shutter the business, Davaasambuu…

Read More