US state regulator slaps ‘fraudulent’ ICOs with cease and desist orders

US state regulator slaps ‘fraudulent’ ICOs with cease and desist orders
ôîòî ïîêàçàíî ñ : thenextweb.com

2019-8-8 11:34

A US state regulator is cracking down on two New Jersey-based initial coin offerings (ICO) offering “fraudulent unregistered securities. ” The Bureau of Securities issued emergency cease and desist orders as part of “Operation Cryptosweep” – an international crackdown on fraudulent ICOs and cryptocurrency-related investment schemes – against Zoptax LLC (also known as Zoptax) and Unocall.

“Today’s action demonstrates that our Bureau of Securities stands ready to enforce our investor protection laws in cases involving initial coin offerings and cryptocurrency-related investment schemes,” said Attorney General Gurbir S. Grewal. “As innovation in the online cryptocurrency-related investment market continues, market players need to…

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