The US Securities too Exchanges Commission (SEC) has issued a alarm about ICOs and reasons it could “suspend” them inward future.
A circular from the regulator’s Office of Investor Education too Advocacy Mon focuses on “potential scams involving stock of companies claiming to hold upwardly related to, or asserting they are engaging in” ICOs.
In the bulletin, the SEC highlights 3 reasons it could “suspend trading” for “public interest” if an ICO provider is establish to convey fallen brusk of the law.
These are:
- "A lack of current, accurate, or adequate data most the fellowship _ for example, when a fellowship has non filed whatever periodic reports for an extended period;
- Questions most the accuracy of publicly available information, including inward fellowship press releases too reports, most the company’s electrical flow operational status too fiscal condition; or
- Questions most trading inward the stock, including trading past times insiders, potential marketplace manipulation, too the might to clear too settle transactions inward the stock."
Full even out at http://bit.ly/2wGHW6x
Source: CoinTelegraph
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