Archive for December 2017
PlexCoin ICO Scam Promised Astronomical Returns before the SEC shutdown
ICOs are on the rise and the SEC’s Cyber Unit is proactively fulfilling its promise to protect investors against cyber-related misconduct involving distributed ledger technology and ICOs. Earlier this month, the SEC filed fraud charges against Dominic Lacroix, age 35, Sabrina Paradis-Royer, age 26 (Lacroix’s business partner), and PlexCorps aka PlexCoin, an unincorporated entity (Lacroix’s company). The SEC’s complaint, filed December…
Read MoreOTC Markets Group Policy Mandates Equal Access To Information For All
Facebook, Twitter, LinkedIn and other social networking sites have irreversibly transformed the ways public companies interact with millions of potential investors. This interaction is difficult to regulate and can easily be abused by anonymous market manipulators who promote fraudulent campaigns that harm market efficiency and defraud investors. The OTC Markets Group issued this new policy to detect…
Read MoreIf you are thinking about launching an ICO, make sure it is SEC Compliant
ICOs are on the rise and so are SEC Cyber Unit enforcement initiatives. Last week, I went to the Crowdfunder Educational Series “Introduction to Launching an ICO” at Expert DOJO in Santa Monica, California and heard from some subject matter experts. Following are some of the pearls of wisdom that I garnered from the series. “It takes a…
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