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Previously: "SEC halts Telegram's $1.7B token offering" (7 months ago, 201 comments): https://news.ycombinator.com/item?id=21228415 https://news.ycombinator.com
by floatingatoll 6y ago
Previously: "SEC halts Telegram's $1.7B token offering" (7 months ago, 201 comments): https://news.ycombinator.com/item?id=21228415 https://news.ycombinator.com/item?id=21228415
“We allege that the defendants have failed to provide investors with information regarding Grams and Telegram’s business operations, financial condition, risk factors, and management that the securities laws require.”
“Telegram seeks to obtain the benefits of a public offering without complying with the long-established disclosure responsibilities designed to protect the investing public.”