Administrative/Regulatory
Dec. 6, 2017
SEC Cyber Unit files its first case
Agency froze initial coin offering, alleges $15M investor fraud
The unregulated days of cryptocurrency may be drawing to a close.
The Securities and Exchange Commission's newest enforcement arm froze an initial coin offering on Friday, accusing a Quebec company of defrauding investors of $15 million.
These were the first charges filed by the SEC's Cyber Unit, which was created in September to better regulate cyber activities, including initial coin offerings, ...
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