SEC Statement on Potentially Unlawful Promotion of ICOs by Celebrities
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Re: SEC Statement on Potentially Unlawful Promotion of ICOs by Celebrities
#2I was wondering when this was going to land, specially after the report on "Money" Mayweather and Centra:
https://news.ycombinator.com/item?id=15576102
Now the question is - What is the SEC's bottom line to start pursuing some kind of investigation or indictment?
The only action till now, as far as I know has been one of the outright frauds: https://news.ycombinator.com/item?id=15370631
Re: SEC Statement on Potentially Unlawful Promotion of ICOs by Celebrities
#3I was wondering when this was going to land, specially after the report on "Money" Mayweather and Centra: https://news.ycombinator.com/item?id=15576102 Now the question is - What is the SEC's bottom line to start pursuing some kind of investigation or indictment? The only action till now, as far as I know has been one of the outright frauds: https://news.ycombinator.com/item?id=15370631
> The only action till now, as far as I know has been one of the outright frauds
Thats what they typically do and there are bigger fish to fry
https://www.sec.gov/litigation/litreleases.shtml
https://www.sec.gov/litigation/admin.shtml
https://www.sec.gov/divisions/enforce/friactions.shtml
Their mandate isn't to maintain the social and economic order like a verbatim press release from the Communist Party of China, their mandate is investor protection. They have tools and a wide degree of discretion, and that doesn't usually mean crashing market sentiment.
Re: SEC Statement on Potentially Unlawful Promotion of ICOs by Celebrities
#4I, 'seanwasere youtube', havn't promoted any ico investments