NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

US SEC Issues Cease and Desist Against ICORating.com

Published 08/21/2019, 06:38 AM
Updated 08/21/2019, 07:41 AM
 US SEC Issues Cease and Desist Against ICORating.com

The US Securities and Exchange Commission once again went after the ICO sector, this time by targeting aggregator and review site ICORating.com. The site used an unofficial rated system to estimate the potential of token-based startups, and according to the SEC, never registered for its role. The procedure also requires the company to pay a series of fines, including disgorgement of $100,572, prejudgment interest of $6,426, and civil money penalty of $162,000.

ICORating operated between December 2017, the peak of the bull market, and July 2018, when the ICO sector slowed down significantly. During that time, not all ICOs were permitted to operate on the US market. Still, the SEC noted that most of the traffic of the I...

This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.