Texas State Securities Board cease-and-desist order.. Moreover, members of the online crypto-investment sphere regularly keep track of the. 2 return on investment (ROI) they could potentially gain from investing in an ICO through websites. 10 involving securities, like the investments at issue here. 11 d) The harm to Plaintiff and members.
The board cited an example of this in the form of LeadInvest, a crypto investment site. In the personal descriptions for their management team, the Panama-based platform was found to be using stock photographs or pictures of people who are in no way affiliated with LeadInvest. The TSSB subsequently issued a cease and desist order.
· The Texas State securities boardhas issued an Emergency Cease and Desist Order targeting BiConnect, a UK based cryptocurrency platform. BitConnect is planning a new initial coin offering (ICO) later this month and Texas is stating the tokens are unregistered securities.
On September 26, 2018, the SEC announced that it had settled administrative proceedings against Voya Financial Advisors, Inc., a dually registered broker-dealer and investment adviser. and to cease.
The Texas State Securities Board has taken emergency action against a network of fraudulent crypto-related firms. The Texas State Securities Board has recently taken emergency action against a.
· BitConnect is planning a new initial coin offering (ICO) later this month and Texas is stating the tokens are unregistered securities. The Texas regulators say BitConnecthas placed 9.4 million of the coins into the online cryptocurrency marketplace, representing a market value of $4.1 billion as of Jan. 3 and expects to issue a maximum of 28.
Texas Securities Commissioner Travis J. Iles has issued emergency ordinances against three separate fraudulentto Russian scammers.. Texas State Securities Board Hits Russian Hoaxers with Cease-and-Desist Orders.
The Commission seemed to have moved away from investment adviser actions this week. resolved with consent to a cease and desist order based on Securities Act Sections 17(a)(2) and (3) and the.
· Popular MLM Platform Bitconnect Shuts Down Operations Game Over! The company associated with the popular and controversial altcoin “Bitconnect” has issued a statement saying that it will be shutting down all of its lending and exchanging operations. bitconnect offered users a lending and exchange platform, which many believed to be a Ponzi.
Ohio appears to be the first state that will accept bitcoin. On Nov. 27, 2018, the Texas Securities commissioner issued an emergency cease-and-desist order to a company called My Crypto Mine for.