SEC charges Blotics with unlawfully touting digital token offerings

The United States Securities and Exchange Commission (SEC) today announced settled charges against the operator of Coinschedule.com, a once-popular website that profiled offerings of digital asset securities. The SEC’s order finds that United Kingdom-based Blotics Ltd. violated the anti-touting provisions of the federal securities laws by failing to disclose the compensation it received from issuers of the digital asset securities it profiled.

According to the SEC’s order, Coinschedule.com was accessible in the United States from 2016 to August 2019, during which time U.S. visitors comprised a significant portion of its web traffic. Visitors to Coinschedule.com were presented with details about each profiled digital token offering in so-called “listing” profiles, which also included links to the token issuers’ own websites and a “trust score” that Coinschedule claimed reflected its evaluation of the “credibility” and “operational risk” for each digital token offering based on a “proprietary algorithm.”

In reality, the token issuers paid Coinschedule to profile their token offerings on Coinschedule.com, a fact that Coinschedule failed to disclose to visitors.

Coinschedule.com published many of the profiles after the SEC issued its DAO Report in 2017 warning that coins sold in ICOs may be securities and that those who offer and sell securities in the U.S. must comply with federal securities laws, and also after the SEC’s Division of Enforcement and Division of Examinations advised that, in accordance with the anti-touting provisions of the federal securities laws, those who promote a virtual token or coin that is a security must disclose the nature, scope, and amount of compensation received in exchange for the promotion.

Without admitting or denying the SEC’s findings, Blotics has agreed to cease and desist from committing or causing any future violations of the anti-touting provisions of the federal securities laws, and to pay $43,000 in disgorgement, plus prejudgment interest, and a penalty of $154,434.

8 Replies to “SEC charges Blotics with unlawfully touting digital token offerings”

  1. Welchen Mindestbetrag es für eine Ein- oder Auszahlung
    bei Sonnenspiele geben wird, steht derzeit leider noch nicht fest.
    Ein weiterer, ebenso wichtiger Faktor in unserer Sonnenspiele
    Bewertung, wird die Auszahlungsdauer von Gewinnen sein. Für unseren Sonnenspiele Test gehen wir deshalb davon aus, dass man auch hier auf die Marktführer in puncto Zahlungsabwicklung setzt und dem Kunden ein breites
    Portfolio für Transaktionen zur Verfügung stellen wird.
    Denn all diese Zahlungsmöglichkeiten garantieren schnelle und sichere Ein- sowie Auszahlungen in den Online Casinos.

    Die deutsche Lizenz für virtuelle Automatenspiele als Veranstalter der Sonnenspiele Casino Plattform hält das Unternehmen Solar Operations Limited.
    Per E-Mail hält Sie Sonnenspiele Deutschland auf dem Laufenden. Es gibt bereits zum Start jede Menge gute
    Sonnenspiele Casino Erfahrungen kostenlos zu
    erleben. Mit Erfahrungen aus Merkur Spielotheken und
    anderen Spielstätten wird sicher entzückt sein beim Anblick der Gratifikationen. Dann wird Ihnen das Serviceteam sicher weiterhelfen können.

    References:
    https://online-spielhallen.de/lapalingo-casino-das-mobile-spielerlebnis-auf-ihrem-smartphone/

  2. Following security best practices significantly reduces unauthorized
    access risk. Strong passwords form your first line of account
    defense. Proper session management protects your account especially
    when using shared or public devices. If locked out, contact
    customer support with government ID for manual verification and 2FA reset.

    Ozwin accepts several cryptocurrencies including Bitcoin and Lightning Bitcoin for deposits and some withdrawals.
    Terms and wagering requirements apply to any no deposit credits.
    Availability is limited—check the Coupons
    area after you create an account. Always verify your account before withdrawals and confirm you comply with local laws and age restrictions.

    Deposit the required minimum (usually AU$20) and the bonus will be applied.

    References:
    https://blackcoin.co/casino-winning-odds-best-and-worst-games-chances-to-win/

Leave a Reply

Your email address will not be published. Required fields are marked *