SEC Continues Crackdown on Initial Coin Offerings With Cease-and-Desist Order
Categories: Banking & Finance, Capital Markets, Corporate and M&A, Tax
The Securities and Exchange Commission announced yesterday that a California-based company selling digital tokens to investors to raise capital for its blockchain-based food review service halted its initial coin offering (ICO) and agreed to a cease-and-desist order in which the SEC found that its conduct constituted unregistered securities offers and sales.
