Today the Securities and Exchange Commission (SEC) rolled out an investor alert which advises investors to be careful of trading in the stock of public companies claiming to be related to or asserting they are engaging in, Initial Coin Offerings (or ICOs).
This is the latest twist in the ICO saga where the earlier alerts were more focused on addressing the token sale offerings made by startups or non-public companies.
With this increased focus from the regulators, we may very well see much more detailed oversight of these potential offerings and maturing of the market to ensure that quality projects with high-quality development teams are funded using this new investment mechanism.
It remains to be seen though as to how the future steps are planned by the regulators to ensure that all these offerings continue to abide by the laws of the land and investor community does not suffer.
Full story at http://bit.ly/2glemcz
Source: CoinTelegraph
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