SEC Charges Promoter with Penny Stock Market Manipulation Scheme The Securities and Exchange Commission (“SEC”) charged a public company promoter and his company with conducting a scheme to manipulate trading in at least 97 penny stocks. According to the SEC’s complaint filed November 28, 2018, Eric Landis arranged with third party advertisers for publicly traded,…
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SEC Forces Initial Coin Offering Issuers to Register Tokens as Securities The Securities and Exchange Commission (“SEC”) charged two companies, CarrierEQ Inc. (“Airfox”) and Paragon Coin Inc., (“Paragon”) who conducted Initial Coin Offerings (“ICOs”) after the SEC published its famous DAO Report of Investigation concerning the topic of ICOs. On November 16, 2018, after an…
Continue reading ›Spotify, the giant music streaming service from Sweden, began public trading its shares on the New York Stock Exchange (NYSE) in April 2018, but not by the traditional route. In an initial public offering (IPO) a company would enlist the services of banks to prepare the required documents, convince selected investors of the value of…
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