UTC-05:00,Tuesday , January 28th 2020

SEC Warns Crypto Investors Of Initial Exchange Offerings In New Note

16:26 Tuesday , January 14th 2020
The U.S. Securities and Exchange Commission has published its first warning against initial exchange offerings (IEOs) on Jan 14, according to CoinDesk.
The regulator considers IEOs to be similar to initial coin offerings (ICOs), many of which the agency has been investigating as unregistered securities offerings for the past several years. While IEO providers may claim their sales are different from ICOs, they may still violate federal securities laws, the SEC said. As such, the agency warned investors to "be cautious" if they are considering investing in an IEO.
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