SEC Halts ICO for Fraud ‘Decentralized Bank’ Endorsed by Boxing Legend

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The post SEC Halts ICO for Fraud ‘Decentralized Bank’ Endorsed by Boxing Legend appeared first on CCN

The US Securities and Exchange Commission (SEC) filed charges against another initial coin offering (ICO) last week, arguing that AriseBank not only violated securities regulations but also made false statements to investors. The charges, which the SEC filed against the Texas-based AriseBank on Jan. 25, allege that the firm and its co-founders, Jared Rice Sr. … Continued

The post SEC Halts ICO for Fraud ‘Decentralized Bank’ Endorsed by Boxing Legend appeared first on CCN

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