Sentences with phrase «stop fraudulent token sales»
Experts believe that such actions from regulators may be necessary in order to help the ICO ecosystem to grow, and, more importantly, to help stop fraudulent token sales from mismanaging or stealing funds from investors.
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In its complaint, the US regulator said that it had to take an emergency action to stop Lacroix, a recidivist securities law violator In Canada, and his partner Paradis - Royer from further misappropriation of investor funds illegally raised through the fraudulent and unregistered offer and sale of securities called «PlexCoin» or «PlexCoin Tokens» in a purported «Initial Coin Offering».