throwaway86328

4 ms·

1. 1.▲
   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.
2. 2.▲
   by throwaway86328 9y ago

   Isn't it also illegal to buy unlicensed securities? Couldn't the SEC also prosecute individuals who simply bought into these as unaccredited investors? (I am not a lawyer)
3. 3.▲
   by throwaway86328 9y ago

   IANAL, but I interpret it to mean that both buyers and sellers are responsible for understanding what they're transacting, which are likely securities. Unlicensed securities that are not exempt from the law are illegal to buy or sell.
4. 4.▲
   by throwaway86328 9y ago

   I highly doubt most ICOs qualify for exemptions, let alone notified the SEC of their intentions to make a public offering.
5. 5.▲
   by throwaway86328 9y ago

   Uh, isn't it also illegal to buy unlicensed securities? Couldn't the SEC also prosecute individuals who bought into obvious scams as unaccredited investors? IANAL, but securities fraud is securities fraud. Why even take the risk?