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Company Evades SEC Penalty Despite Illegally Issuing Security Tokens

The U.S. Securities and Exchange Commission (SEC) has decided not to impose a penalty on a company that had issued security tokens without its approval and without qualifying for an exemption. The company raised approximately $12.7 million. Also read: SEC Chair Explains Key Upgrades Needed for…

EtherDelta Exchange Founder Charged With Operating An Unregistered Exchange

Today on our DC Forecasts crypto news site we share with you the latest breaking news coming from the US Securities and Exchange Commission for charging the EtherDelta decentralized exchange founder with operating an unregistered exchange. As a decentralized Ethereum exchange, the platform let users…

SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token

The U.S. Securities and Exchange Commission (SEC) has taken action against an oil and gas exploration company and its founder who “perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California.” The token sale failed to raise money but the…