/biz/ - Business & Finance

Americans here - what are you going to do if your ICOs start avoiding American investors because the SEC is about to make them jump through a bunch of hoops just to be compliant?

Do you know you're about to have to go through a mainstream bank just to trade?
Do you know you're NOT an "accredited investor" and therefore will probably not participate in most cool ICOs (and can't trade them on a secondary market if you could)

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2017-07-26/what-s-next-for-crypto-coins-as-sec-tames-wild-west-of-finance

Better get out now coiners

reporting this project, thread, and website to the SEC

Are you prepared for when SEC closes Poloniex / Bittrex / etc?

>“I’m sad to say that I think we will see one or more exchanges get hit by a fairly significant S.E.C. enforcement,” Ms. Channing of the Argon Group said.

>If exchanges are punished, it is likely to drive down prices throughout the market because it will make it harder to buy and sell all virtual currencies.

https://www.nytimes.com/2017/08/07/business/dealbook/initial-coin-offerings-sec-virtual-currency.html

https://twitter.com/nathanielpopper/status/894660997557833728

Hai guys

whats going on in this thread

why is nobody here talking about this? or about the singapore's statement this week?

what are the main coins/tokens at risk?

https://denebleo.sec.gov/TCRExternal/disclaimer.xhtml

what tokens that can also be considered securities ?

It means you've all been reported

>>2869982

It's for your own good, citizen

>>2856167
you have been reported.
this is not a joke.

Reported

what you are doing is wrong.

reported to the SEC

you've been reported to the authorities. I have this matched up with some telegram discussions.

>SEC starts poking around, asking for whistleblowers
>/biz/ slows way down
>crypto markets crashing across the board

Huh, I guess the SEC really is investigating.

"Pump and dump" cryptocurrency schemes are illegal, and enforced by the SEC. If prosecuted, this can lead to jail time and fines.

>Can the SEC regulate crypto?
Yes. A security is defined using the Howey Test. The Supreme Court stated in Marine Bank v. Weaver, 455 U.S. 551, (1982), the definition is “quite broad” and meant to include “the countless and variable schemes devised by those who seek the use of the money of others on the promise of profits.”
For more information on SEC's enforcement against crypto, see:
https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf

>But I don't live in the US.
The SEC enforces Security Fraud cases overseas. If there is a US victim, the scheme falls under SEC jurisdiction. Nearly every country cooperates with SEC investigations. For more information, see:
https://www.sec.gov/about/offices/oia/oia_crossborder.shtml

>I don't want to get arrested, what I can I do?
The SEC offers a whistleblower program. If you bring evidence that leads to a securities fraud conviction, you will avoid prosecution and you are eligible for a reward. Eligible whistleblowers are entitled to an award of between 10% and 30% of the monetary sanctions collected by the SEC and related law enforcement authorities. For more information, see:
https://www.sec.gov/about/offices/owb/owb-faq.shtml

>How do I whistleblow?
In order to qualify for an award under the whistleblower program, you must submit your information either through the online Tips, Complaints and Referrals questionnaire or by completing the hardcopy Form-TCR and mailing or faxing it to the SEC Office of the Whistleblower, 100 F Street NE, Mail Stop 5631, Washington, DC 20549, Fax (703) 813-9322.

>Who do I contact if I've been defrauded by a pump and dump?
You can provide tips at:
https://www.sec.gov/complaint/tipscomplaint.shtml

How do I join a pump and dump group?

If you tell me how to join, I'll send you .25 BTC. Make sure you include wallet address.

Sent :)

"Pump and dump" cryptocurrency schemes are illegal, and enforced by the SEC. If prosecuted, this can lead to jail time and fines.

>Can the SEC regulate crypto?
Yes. A security is defined using the Howey Test. The Supreme Court stated in Marine Bank v. Weaver, 455 U.S. 551, (1982), the definition is “quite broad” and meant to include “the countless and variable schemes devised by those who seek the use of the money of others on the promise of profits.”
For more information on SEC's enforcement against crypto, see:
https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf

>But I don't live in the US.
The SEC enforces Security Fraud cases overseas. If there is a US victim, the scheme falls under SEC jurisdiction. Nearly every country cooperates with SEC investigations. For more information, see:
https://www.sec.gov/about/offices/oia/oia_crossborder.shtml

>I don't want to get arrested, what I can I do?
The SEC offers a whistleblower program. If you bring evidence that leads to a securities fraud conviction, you will avoid prosecution and you are eligible for a reward. Eligible whistleblowers are entitled to an award of between 10% and 30% of the monetary sanctions collected by the SEC and related law enforcement authorities. For more information, see:
https://www.sec.gov/about/offices/owb/owb-faq.shtml

>How do I whistleblow?
In order to qualify for an award under the whistleblower program, you must submit your information either through the online Tips, Complaints and Referrals questionnaire or by completing the hardcopy Form-TCR and mailing or faxing it to the SEC Office of the Whistleblower, 100 F Street NE, Mail Stop 5631, Washington, DC 20549, Fax (703) 813-9322.

>Who do I contact if I've been defrauded by a pump and dump?
You can provide tips at:
https://www.sec.gov/complaint/tipscomplaint.shtml