Tag Archives: Initial Coin Offering

Floyd Mayweather And DJ Khaled Charged With Unlawfully Touting Coin Offerings

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 Obtains Penny Stock Bar For Perpetrator of Initial Coin Offering Fraud

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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SEC Warns About MicroCap Initial Coin Offering (ICO) Scams

On Monday, the SEC warned investors about potential scams involving stock of companies claiming to be related to, or asserting they are engaging in, Initial Coin Offerings (or ICOs). The warning comes on the heels of the trading suspension of First Bitcoin Capital Corp. (OTC: BITCF), a “publicly-traded cryptocurrency and blockchain-centered company” that’s stock price was up over 6,000% in 2017. The

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SEC Suspends Trading In Public Company Planning An Initial Coin Offering (ICO)

Last week, the SEC suspended trading in the securities of CIAO Group, Inc. (OTC: CIAU).   The SEC temporarily suspended trading in the securities of CIAU because of questions regarding the accuracy of assertions by CIAU in press releases to investors concerning, among other things, the activities of the company with respect to business plans in the telecommunications industry and plans

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