Colorado State Commissioner Issues New Cease-and-Desist Orders Against Four Crypto Firms52.68

Colorado Securities Commissioner Gerald Rome has issued a new batch of cease-and-desist orders against unregistered Initial Coin Offerings (ICOs) operating in the state, taking the total number of signed orders against ICOs in Colorado to 18. Today's orders follow last week's order issued by the North Dakota's financial regulators against a Russian-based ICO that promoted unregistered securities by impersonating Liechtenstein-based Union Bank AG.

Per an official notice from the regulator, Rome signed the new orders against Global Pay Net, Credits LLC, CrowdShare Mining and CyberSmart Coin Invest for allegedly publishing misleading statements on their websites with false promises to defraud investors.

Original source
https://bitcoinmagazine.com/articles/colorado-state-commissioner-issues-new-cease-and-desist-orders-against-four-crypto-firms/

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