Public officials and their public statements

You are invited to visit the public sector websites, and get news without the filters. News without the filters is amazing, your life will be much better, for sure!!!

In the U.S. the internet made the public sector more open and disclose, maybe block-chain will take it to the next level? The information is out their for you to read. It can help you avoiding fraud and misconduct. Simple government’s website search will do, and you will get the information you need.

Example (if you want expend your ICOs knowledge):

Public statement about ICOs (Steven Peikin, 15 May 2018):

I want to focus in more detail on this last category, in part because there has been a lot of public attention on our recent Enforcement activities in this space. As many of you know, in just a few years, cryptocurrency and ICO markets have grown from a mere concept into a phenomenon.

The novelty of ICOs, coupled with excitement about the potential utility of the underlying blockchain or distributed ledger technology, makes these offerings particularly enticing for some investors.

But the growth in the ICO market can obscure the fact that these offerings are often high-risk investments. The issuers may lack established track records. They may not have viable products, business models, or the capacity for safeguarding digital currencies from theft by hackers. And some of the offerings are simply outright frauds.

In a number of cases, the Commission has taken early action to stop or deter misconduct, protect investors, and preserve assets. One such matter involves charges against three co-founders of a purported financial services start-up who, we allege, orchestrated a fraudulent ICO that raised more than $32 million from thousands of investors last year.

In a number of our cases, there have been clear indicia of outright fraud, but the Commission has also brought cases to enforce the registration laws. Last December, we settled with a food-review startup after determining that the company’s ICO was an unlawful, unregistered offering. The company refunded investor proceeds before any tokens were distributed after the Commission intervened.

We have also suspended trading in the stock of numerous companies because of concerns about the accuracy and adequacy of information about the companies regarding, among other things, the adoption of blockchain technology.

We strongly believe regulated ICOs will protect the public better.

Also, please check out the SEC’s Office of Investor Education and Advocacy’s mock initial coin offering (ICO) website that touts an all too good to be true investment opportunity. But please don’t expect the SEC to fly you anywhere exotic—because the offer isn’t real.