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SEC Reportedly Subpoenas Companies and Advisers Over ICOs (axios.com)

Posted by msmash on from the tightening-things dept.

An anonymous reader writes: The U.S. Securities and Exchange Commission has issued subpoenas and information requests to "scores" of companies and advisors involved with initial coin offerings (ICOs) and digital token sales, according to the Wall Street Journal.

10 comments

  1. Another outage coming up! by Anonymous Coward · · Score: 0

    That's great! Let's see if anyone has a chance to comment on this article before Slashdot goes down again. You owe us an explanation, Slashdot.

    1. Re:Another outage coming up! by aaarrrgggh · · Score: 1

      Yeah... I have to agree. While my quality of life might be better with /. offline, from an IT perspective I would love to know what happened.

    2. Re:Another outage coming up! by Anonymous Coward · · Score: 0

      I heard Slashdot is going to have a Slashdot ICO soon, so they can fend off the DDoS attacks and upgrade their servers from a 486 running in the closet to something better.

    3. Re:Another outage coming up! by Anonymous Coward · · Score: 0

      Slashdot *owes* you nothing, you entitled piece of shit.

  2. No jurisdiction by Anonymous Coward · · Score: 0

    They can fuck off.

    1. Re:No jurisdiction by gravewax · · Score: 1

      They can fuck off.

      huh? this is exactly their jurisdiction.

    2. Re:No jurisdiction by Anonymous Coward · · Score: 0

      All these newer Slashdot users are so stupid they don't even qualify as nerds anymore.

    3. Re:No jurisdiction by rtb61 · · Score: 1

      Still doesn't matter. Quite clearly the war on unbacked crypto is hotting up as they set the stage for energy backed crypto. For those who dropped real money on the fake unbacked money, well, they are bunnies at night staring at the headlights of a car speeding down the road toward them, they know something is coming, they are so petrified they can't move and they know it is real, real bad and that car ain't stopping. You can hope that car has a blow out, you know they manage to pump those currencies up high enough so that they can sell without a loss, but better to swallow the current loss than a much larger one later on.

      --
      Chaos - everything, everywhere, everywhen
  3. Chinese ban by Anonymous Coward · · Score: 0

    The Chinese ban is going global, what visionaries they must have been.
    Why the US was so slow to react?

  4. Govt ineptitute by lamer01 · · Score: 1

    It takes them 2+ years to realize that a major scam is taking place where the proponents are just using different names for what otherwise would be considered equity. It's childish to think that because something is not named IPO but ICO, it should be free of existing govt regulation.