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SEC Tries to Scam ICO Investors to Show Them How Easy It Is

“A hot new initial coin offering gives investors the chance of a lifetime to make money from sun-soaked beaches and crystal-clear waters” writes Matt Robinson for bloomberg.com. The Securities and Exchange Commission is pitching a fake initial coin offering to educate investors on the pitfalls of too-good-to-be-true ventures.The SEC has previously used gimmicks to warn unsophisticated investors about the dangers of fraud.The agency has said it considers the vast majority to be securities, which require SEC registration under federal law.Earlier Wednesday, one of the lead enforcers at the SEC told members of Congress that ICOs are now among among the “greatest threats” to mom-and-pop investors.
 
Source: bloomberg.com



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