Companies, lawyers probed for selling cryptocurrency initial coin offerings
The Securities and Exchange Commission (SEC) is now investigating companies and individuals for possibly violating securities laws through initial coin offerings (ICO), or token sales, of cryptocurrency. TheSEC reportedly issued“dozens” of subpoenas and information requests to determine how sales and pre-sales of ICOs work given they don’t follow the same rules that regulate initial public offerings (IPOs) to protect investors. An IPO, or Initial Public Offering, is when a privately held company goes public with its stock....