United States:
Blockchain-Related Companies Facing Increased Scrutiny from the SEC
11 September 2017
Reed Smith
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Digital tokens, which used to be considered an unregulated
"wild west", are now facing Federal and State
regulations. Over two weeks, the SEC suspended trading in company
securities of three publicly-traded blockchain-related businesses.
The SEC followed up the suspensions with releasing an
Investor Alert advising investors to be cautious of companies that
have been subject to a trading suspension. Companies that
intend to issue digital tokens through an ICO need to be vigilant
in ensuring that their offerings are clearly outside the scope of
or fully compliant with the securities laws and regulations. To
learn more click
here.
This article is presented for informational purposes only
and is not intended to constitute legal advice.
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