SEC CREATES FAKE ICO TO TEACH WOULD-BE INVESTORS ABOUT SCAMS

On 17th May, BTC Manager reported that in the US the SEC has created a fake Initial Coin Offering (ICO) to teach would-be investors what they should look out for before investing in such projects.  The regulator has launched a fake coin offering website dubbed “Howey,” all in the effort of warning investors about fraudulent cryptocurrencies.

https://btcmanager.com/sec-unveils-fraud-ico-to-educate-investors/

The website is at –

https://www.howeycoins.com/index.html

But also see the SEC comments at –

https://www.investor.gov/howeycoins

https://www.jdsupra.com/legalnews/the-sec-has-an-opportunity-you-won-t-13603/ 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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