Cybersecurity Tycoon Accused of Touting ICOs
The SEC says John McAfee promoted initial coin offerings without disclosing that issuers paid him more than $23 million for his promotions.
SEC Fines, Disgorgement Hit $3.9B in 2018
The agency "continues to be extremely successful in its efforts to deter bad conduct and effectively remedy harm to investors."
Celebrity Endorsements of ICOs May Be Illegal
The SEC warns that celebrities who endorse the offerings could be violating anti-touting and anti-fraud provisions of the securities laws.
SEC Shuts Down Two ICOs
The initial coin offerings, run by a Brooklyn businessman, lured investors with 'false promises of sizable returns from novel technology.'
SEC Warns of Initial Coin Offering Fraud Risks
Fraudsters could be using “the lure of new and emerging technologies to convince potential victims" to invest in companies that promote ICOs.