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Wednesday

01 April 2020

SEC Warns Public That IEOs May Not be Legally Compliant

SEC Warns Public That IEOs May Not be Legally Compliant


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The United States Securities and Exchange Commission (SEC) has asked investors to be wary of investing in Initial Exchange Offerings (IEOs) as they may not be compliant with securities laws.

IEOs that are catering to United States persons must comply with federal securities and corporate law.

When IEOs gained traction, it was because the project being listed was thoroughly vetted by the exchange listing it, effectively putting their own reputation on the line when they listed it.

If the exchange is a broker-dealer or securities exchange, they should be registered with the SEC under any circumstance

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