While many questions around how existing securities law apply to initial coin offerings remain unanswered, the Securities and Exchange Commission has always made one thing clear: do not not engage in fraud.
It obtained an emergency asset freeze against Dominic Lacroix, whom it called a “recidivist Quebec securities law violator,” his partner Sabrina Paradis-Royer and PlexCorps. It also filed charges against LaCroix and PlexCorps alleging that they sold securities claiming investments in PlexCoin would bring profits of 1,354% profit in less than 29 days.
Since August, PlexCoin had raised $15 million from investors both in the U.S. and beyond. According to Coinmarketcap, the price plunged from 15 cents Sunday to as low as 5 cents Monday.
Today’s Reading List:
Launching an ICO? Contact us to get featured info @ icodaily . net
|NAME||STARTING DATE||ICO CAP||CURRENCY||AMOUNT RAISED||% OF CAP|
|ICOs STARTED YESTERDAY (04/12/17)|
|ICOs STARTING TODAY (05/12/17)|
|ICOs STARTING TOMORROW (06/12/17)|
Recently Closed ICOs
|NAME||STARTING DATE||CLOSING DATE||ICO CAP||CURRENCY||AMOUNT RAISED||% OF CAP|
Tokens Listed on Exchange
|Name||Ticker Symbol||Exchange||Listing Date||ICO Closing Date||Start Trading Price||ICO Price||Change since ICO||Currency|
See the Full List of Ongoing ICOs Here