A California-based company shut down its initial coin offering and issued refunds to investors after the SEC initiated an investigation into its operations.
News & Insights
4 News Results
The SEC obtained an emergency injunction preventing a Canadian "recidivist securities law violator" and his business partner from continuing to raise funds through an initial coin offering.
FINRA warned investors about the dangers of "initial coin offerings" and discussed factors to consider before investing in such offerings.
The SEC Office of Investor Education and Advocacy cautioned investors about risks associated with the microcap stock of companies touting initial coin offerings.