The Traderszone Network

Published in TZ Latest News 29 September, 2017 by The TZ Newswire Staff

SEC Files First-Ever Civil Fraud Charges Against ICO Companies

That didn’t take long.

After issuing a ruling in July that officially declared that the tokens sold during initial coin offerings must be registered as securities – a ruling that many hoped would lend a badly needed veneer of legitimacy to the shady ICO market – the SEC is following through with what we imagine will be the first of many civil actions against ICOs and the individuals who launch them.

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