SEC Launches Mock Website to Highlight ICO Risks

[kreslik.news]

The Securities and Exchange Commission (SEC) is out with a new idea to ‎highlight the risks of the booming ICOs market, which has grown rapidly with ‎estimates topping $4 billion in token sales in 2017 alone. ‎

The SEC’s Office of Investor Education and Advocacy (OIEA) has created a bogus ‎initial coin offering (ICO) website that advertises a ‘too good to be’ true ‎investment opportunity. The regulator said it wants to explain that as with ‎many other hyped markets, scammers are never far behind in trying ‎to take advantage of cryptocurrency-based schemes.‎

The fictitious‏ ‏site, HoweyCoins.com, shows many sales tactics in which ... (read more)