Sentences with phrase «unregistered securities in the state»

Hong Kong, March 08, 2018: Bitcoiin2Gen would like to respond to certain allegations, assertions and accusations that were made against us in the press release of «New Jersey Bureau of Securities Orders Online Cryptocurrency Promoter «Bitcoiin» to Stop Offering Unregistered Securities in the State with Cease and Desist Order» dated March 07, 2018.

Not exact matches

John has counseled clients in actions based on violation of state and federal securities laws relating to the sale of unregistered securities and fraudulent investment schemes, and in employment controversies that focus on non-solicitation agreements and alleged breach of fiduciary duty.

These include a number of state and federal securities violations in relation to fraud and offering unregistered securities, the rescission of a contractual arrangement between BitConnect and the plaintiffs, deceptive and unfair trade practices, fraudulent inducement, fraudulent and negligent misrepresentation, conversion (exerting unauthorized use or control of someone else's property), and civil conspiracy.

North Carolina's government has sent a cease - and - desist order to a cryptocurrency company they say is selling unregistered securities in the U.S. state.

Then, in July of 2017, the SEC, while investigating the DAO collapse, stated that cryptocurrency tokens were unregistered securities.

The Texas order, though coming from a state - level authority, highlights another instance where regulators in the U.S. are scrutinizing cryptocurrency projects that may be seen as issuing unregistered securities through the token offering process.

Pursued in the U.S. District Court in Florida, the suit alleges Tezos founders Arthur and Kathleen Breitman deceptively sold unregistered securities in violation of both federal and state law when they raised $ 232 million in an initial coin offering (ICO) in July.

The filing in the state of California accused Tezos of selling unregistered securities, along with fraud in the offer, sale of securities, false advertising and more.

In early March, the New Jersey Bureau of Securities issued a cease and desist order against Bitcoiin for fraudulently and improperly offering unregistered securities in violation of state securities regulationIn early March, the New Jersey Bureau of Securities issued a cease and desist order against Bitcoiin for fraudulently and improperly offering unregistered securities in violation of state securities reSecurities issued a cease and desist order against Bitcoiin for fraudulently and improperly offering unregistered securities in violation of state securities resecurities in violation of state securities regulationin violation of state securities resecurities regulations.

What they want to avoid happening is being in the situation the founders of the Tezos tech project are in with a class - action lawsuit against them filed by US regulators that alleges they deceptively sold unregistered securities in violation of both federal and state law after their record - breaking USD 232m ICO in July, 2017.

While the orders noted that the campaigns «shall permanently cease and desist from selling unregistered or non-exempt securities» within the state, all of the startups are able to register their tokens as securities — or apply to sell «exempt from registration securities» — in the future.

Massachusetts has ordered the stoppage of five initial coin offerings (ICOs), stating in new orders that the companies in question were selling unregistered securities.

«In other words, there never was, and may never be, a Monkey Capital Market,» the filing states, while arguing that the pre-sale amounted to an unregistered securities offering that was marketed through the use of deceptive and misleading statements and advertising.

In its latest filing, signed Feb. 2, the Texas State Securities Board (TSSB) alleges DavorCoin has been issuing unregistered securities with fraudulent and misleading information to lure Securities Board (TSSB) alleges DavorCoin has been issuing unregistered securities with fraudulent and misleading information to lure securities with fraudulent and misleading information to lure investors.

The summary order, filed by State of New Jersey Bureau of Securities (BoS), accuses the entities behind Bitcoiin2Gen (B2G) of «fraudulently offering unregistered securities in violation of the Securities LSecurities (BoS), accuses the entities behind Bitcoiin2Gen (B2G) of «fraudulently offering unregistered securities in violation of the Securities Lsecurities in violation of the Securities LSecurities Law.»

In the past, however, the U.S. Security and Exchange Commission (SEC) stated that it considers most ICO tokens to be unregistered securities.

As CCN reported, the ICO has already found itself in legal trouble, as regulators in several US states have issued it cease - and - desist orders for holding an unregistered securities offering and possibly conducting a pyramid scheme.

The United States Securities and Exchanges Commission (SEC) has sought to crack down on the practice of ICOs enlisting celebrities to promote token sales, warning that advertising unregistered securities could result in legal repeSecurities and Exchanges Commission (SEC) has sought to crack down on the practice of ICOs enlisting celebrities to promote token sales, warning that advertising unregistered securities could result in legal repesecurities could result in legal repercussions.

The action states state that «Between approximately July 30, 2017, and approximately October 5, 2017,» Centra violated the Securities Act through «rais [ing] over $ 30 million in digital cryptocurrencies by offering and selling unregistered securitiSecurities Act through «rais [ing] over $ 30 million in digital cryptocurrencies by offering and selling unregistered securitiessecurities.»