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3 crypto startups miss SEC deadline to refund investors

Three cryptocurrency startups have missed deadlines to refund investors who participated in their illegal digital token sales, the Wall Street Journal (WSJ) reports. The companies, which raised a combined $40 million during 2017’s cryptocurrency bull run, agreed on the deadlines as part of their settlements with the US Securities and Exchange Commission (SEC). As a…


Three cryptocurrency startups absorb uncared for prick-off dates to refund investors who participated of their unlawful digital token sales, the Wall Dual carriageway Journal (WSJ) studies.


The companies, which raised a blended $40 million for the length of 2017’s cryptocurrency bull speed, agreed on the prick-off dates as section of their settlements with the US Securities and Change Commission (SEC). As a end result, they had been given diminished fines.


Airfox, which presents mobile banking products and services in constructing worldwide locations, and Paragon Coin Inc, which applies blockchain tech to the cannabis substitute, each and every agreed to pay $250,000 every after settling with the SEC in November last year. Read More...

3 crypto startups miss SEC deadline to refund investors
SEC demanded 3 crypto start-ups pay investors back, but companies have missed deadline

#SEC

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