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You laugh but it is no laughing matter. Securities fraud is a big problem, which is why the SEC takes it so seriously.
by throwaway86328 9y ago
You laugh but it is no laughing matter. Securities fraud is a big problem, which is why the SEC takes it so seriously.
- googletazer 9y agoGood luck being the world policeman and shutting down ICOs (most of which copied ethereum's model and are based in Switzerland), and the investors. The SEC is there to ensure bankers and early investors (those who by virtue of large wealth are "accredited" to invest early and make out with most gains) get the largest piece of the pie of any IPO. ICOs liberalize this landscape.