Colorado Takes Action Against Four More ICOs – 12 in Total

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The Division of Securities of the U.S. state of Colorado has issued four new cease-and-desist orders to stop as many companies from promoting their tokens to residents of the state. So far, action has been taken against a total of 12 initial coin offerings by the state’s securities commissioner. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Four New Orders Colorado Securities Commissioner Gerald Rome on Thursday signed four orders “directing the cessation of unregistered securities in the state of Colorado,” the state’s Division of Securities announced. So far, the division has taken action against a total of 12 initial coin offerings (ICOs), the announcement details. The orders resulted from investigations by the division’s ICO task force which is part of the state’s Department of Regulatory Agencies (Dora). It was set up in May “to investigate potentially fraudulent activity targeting investors excited about the prospects of financial windfall through the cryptocurrency market.” According to Thursday’s announcement: The four orders signed today are for ICOs solicited by companies Bitcoin Investments, Ltd. (also doing business as Db Capital), Pinkdate, Prisma, and Clear Shop Vision Ltd. While the four companies and their tokens are not registered in the state, the division explained that their websites are accessible to Colorado residents. The commissioner has directed all respondents to immediately cease and desist all alleged violations of the state’s Securities Act. The division has previously taken ICO-related action against Bionic Coin, Sybrelabs Ltd., Global Pay Net, Estatex, Bitconnect Ltd., Magma Foundation, Linda Healthcare Corporation and…
Source: Colorado Takes Action Against Four More ICOs – 12 in Total

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