The top financial watchdog is going after the ICO market with a wave of subpoenas

Jay Clayton S.E.C. ChairmanREUTERS/Brendan McDermid

  • The Securities and Exchange Commission is going after the red-hot market for initial coin offerings, according to the Wall Street Journal. 
  •  The financial regulator issued a wave of subpoenas, according to the Journal. 

The Securities and Exchange Commission is going after the red-hot market for initial coin offerings, according to a report by the Wall Street Journal. 

The Journal reported Wednesday that the SEC issued “scores of subpoenas and information requests” to folks associated with initial coin offering projects. The Journal cited unidentified people familiar with the matter. The SEC declined to comment to the WSJ. 

See the rest of the story at Business Insider

NOW WATCH: Amazon is shaking up a healthcare industry that’s ripe for disruption

See Also:

Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.