SEC Enforcement Director: ICO Fraud Requires 'Thoughtful Approach'

SEC Enforcement Director: ICO Fraud Requires ‘Thoughtful Approach’

The SEC’s new cyber unit appears to be stepping up its rhetoric on ICOs. Speaking at the Securities Enforcement Forum on Thursday , SEC Division of Enforcement co-director Stephanie Avakian took the opportunity to give a broad overview of the unit’s mission, once again emphasizing that token sales, the process by which startups use custom cryptocurrencies for fundraising, would be a focus. The cyber unit, first announced late last month , has said it will target "misconduct perpetrated using the dark web," particularly where cryptocurrencies like bitcoin are used. As such, Avakian said that the cyber unit was created […]