Contemplating an ICO? It’s All Fun and Excitement Until the SEC Comes to Call

Contemplating an ICO? It’s All Fun and Excitement Until the SEC Comes to Call

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WilmerHale has defended clients in hundreds of class, derivative, shareholder and individual actions alleging securities fraud, breach of fiduciary duty and other corporate misconduct.
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In the case of initial coin offerings (ICOs), the law is laid down by the US Securities and Exchange Commission. Over the past few months, this agency has been ramping up its warnings about ICOs that fail to comply with US securities laws. Read this article published by Bloomberg Law's Securities Regulation & Law Report, written by Jennifer Zepralka and Glenn Luinenburg.

Excerpt:  "Everybody's doing it.'' ''No one's getting hurt.'' ''You're ruining all the fun.'' Those retorts sound like the arguments a teen makes when her parents forbid her from attending a concert or a party. They're also what some attorneys are hearing when they counsel startup founders itching to raise capital through an ICO. Read the article.

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