February 20, 2019/US SEC The Securities and Exchange Commission today charged Gladius Network LLC with conducting an unregistered initial coin offering (ICO), which the company self-reported to the SEC. According to the SEC’s order, Gladius conducted an ICO in late 2017, after the Commission had warned in its DAO […]
Frauds & Scandals
SEC Proposes to Expand “Test-the-Waters” Modernization Reform to All Issuers
February 19, 2019/US SEC The Securities and Exchange Commission voted to propose an expansion of a popular modernization reform that would permit investor views about potential offerings to be taken into account at an earlier stage in the process than is the case today. The new rule and related amendments would expand […]
Illegal Capital Market Activities: SEC Shuts Down Growing Circle
February 19, 2019/SEC The Securities and Exchange Commission, SEC, has sealed off the premises of Growing Circle in Lagos for engaging in illegal fund management activities. According to the Commission, the company was shut down for carrying out investment operations that falls within fund management without registration with the apex regulator. The […]
