Tag Archives: ICO

Floyd Mayweather And DJ Khaled Charged With Unlawfully Touting Coin Offerings

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Yesterday, The Securities and Exchange Commission announced settled charges against professional boxer Floyd Mayweather Jr. and music producer Khaled Khaled, known as DJ Khaled, for failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs). These are the SEC’s first cases to charge touting violations involving ICOs. The SEC’s orders found that Mayweather failed to disclose

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SEC Suspends Trading in OTC Company for Making False Cryptocurrency-Related Claims

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On Monday, the Securities and Exchange Commission suspended trading in the securities of a company amid questions surrounding its statements about partnering with a claimed SEC-qualified custodian for use with cryptocurrency transactions and a purportedly registered public offering of preferred stock. The SEC’s trading suspension order says that two August 2018 press releases issued by Nevada-based American Retail Group, Inc.

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SEC Obtains Penny Stock Bar For Perpetrator of Initial Coin Offering Fraud

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This week, the Securities and Exchange Commission obtained permanent officer-and-director and penny stock bars against the founder of a company who perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California. According to the SEC’s order, David T. Laurance and Tomahawk Exploration LLC attempted to raise money through the sale of blockchain-based digital tokens called

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Panels for 2018 Planet MicroCap Showcase Announced

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This April, The Planet MicroCap Showcase will bring together the most promising companies and the top dealmakers in MicroCap Finance for three days of company presentations, one-on-one meetings, and networking in Las Vegas. Last week, panels were announced for the event. Interesting topics to be covered include: – A Look at MicroCap Stocks: How Exchanges View the Market – What’s Next

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SEC Suspends Trading in Three MicroCap Issuers Claiming Involvement in Cryptocurrency and Blockchain

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Last Friday, the SEC suspended trading in three companies amid questions surrounding similar statements they made about the acquisition of cryptocurrency and blockchain technology-related assets. The SEC’s trading suspension orders state that recent press releases issued by Cherubim Interests Inc. (CHIT), PDX Partners Inc. (PDXP), and Victura Construction Group Inc. (VICT) claimed that CHIT, PDXP, and VICT acquired AAA-rated assets from

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Webinar: How To Make Your ICO Compliant via Regulation A+ And Reg D

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On Thursday, January 18th, Rod Turner and Sara Hanks will present background and context describing the ways in which Reg A+ and Reg D can be used to make US ICOs compliant with the securities laws. The topic of ICO compliance with US securities laws has become increasingly important as ICO gain popularity as a way to raise capital. The free

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Micro-cap, Macro Problem: The MicroCap Image Problem & Tips To Fix It [Guest Post]

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Guest Post By: Gregg Castano  When most relatively knowledgeable investors think of the term “micro-cap”, the first word that comes to mind is “risk”. These companies, by definition, have low market capitalizations, but also low trading volume, limited assets and often no track record, operations, revenues or fully developed and tested products. These myriad factors can combine into a toxic mix

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Microcap Stocks Surge on Cryptocurrency Initiatives

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On Monday, three of the top four most actively traded U.S. stocks were all either riding a cryptocurrency-fueled surge, or pulling back from one. Digital Power Corp (NYSE Mkt: DPW), Marathon Patent Group (NASDAQ: MARA), and Riot Blockchain (NASDAQ: RIOT) all saw tremendous volume because of their crypto-related business. DPW’s market value jumped from $12 million on Friday to over $40 million

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OTC Markets Stands Ready For ICO Trading

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Last week, a user on the Crowdfunding Professionals Association’s website asked Jason Paltrowitz about the OTC Markets and ICOs (or initial coin offerings). Specifically, Paltrowitz was asked “Do you expect ICOs to have any impact on the business of OTC Markets?” Paltrowitz answered; “We stand ready to have ICOs trade on our market as they become registered securities. In that

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SEC Chairman Shares Concerns Over Fewer Public Companies with House Committee

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In his first hearing before the House Financial Services Committee since he took the helm of the SEC, Jay Clayton (SEC Chairman) discussed the troubling trend of fewer public companies. Clayton said that “without IPOs of growing companies, we have a shrinking and generally more mature portfolio of public companies. This is a significant concern. A shrinking proportion of public

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