SEC has provided evidence of the sale of token-Telegram after expiry of $1.7 billion. ICO
Commission at the securities and exchange Commission (SEC) on Friday filed new documents against the Telegram, according to which the company was engaged in the sale of tokens after the end of ICO. Thus, the regulator seeks to prove that the application Telegram is no longer necessary in compliance with the requirements for the registration proposal is not baseless. Investment Fund Da Vinci Capital and the company Gem Limited has requested a reward of $209 783 and $1.1 million, respectively, for "post-sales" agreements for the purchase of tokens, the document says.
The arguments of the SEC in the case that the rule D Telegram measures must be taken, so that buyers did not sell securities for a Commission.
According to the regulator, companies that billed Telegram, violated this rule. In turn, the Telegram denies it, claiming that the fee was a fee for the search of funds for non-us individuals and legal entities for the provision of Gram to other investors.
In October last year, the SEC filed a lawsuit against the Telegram, demanding to cancel the launch of the TON. The next meeting in court between the parties to the case will be held on 18-19 February 2020.
coindesk.com/sec-produces-evidence-that-telegram-kept-selling-tokens-after-1-7b-ico
Translated using Yandex.API
Commission at the securities and exchange Commission (SEC) on Friday filed new documents against the Telegram, according to which the company was engaged in the sale of tokens after the end of ICO. Thus, the regulator seeks to prove that the application Telegram is no longer necessary in compliance with the requirements for the registration proposal is not baseless. Investment Fund Da Vinci Capital and the company Gem Limited has requested a reward of $209 783 and $1.1 million, respectively, for "post-sales" agreements for the purchase of tokens, the document says.
The arguments of the SEC in the case that the rule D Telegram measures must be taken, so that buyers did not sell securities for a Commission.
According to the regulator, companies that billed Telegram, violated this rule. In turn, the Telegram denies it, claiming that the fee was a fee for the search of funds for non-us individuals and legal entities for the provision of Gram to other investors.
In October last year, the SEC filed a lawsuit against the Telegram, demanding to cancel the launch of the TON. The next meeting in court between the parties to the case will be held on 18-19 February 2020.
coindesk.com/sec-produces-evidence-that-telegram-kept-selling-tokens-after-1-7b-ico
Translated using Yandex.API
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