In April, @amyywan was DM'd from ICOs asking for an attorney. Now, ICOs have been getting class action suits. Now she is getting DMs from ICOs asking for class action securities defense counsel. If you don't pay the lawyer in the beginning, you're going to pay them in the end.
A company has to be prepared to show an investor, that it has a plan, management, vision and ability to carry out the business proposition it is selling.
A company should demonstrate value through its financial statements and disclosures and establish that the intended use of proceeds will result in moving the business plan ahead and hopefully create increased value for the shareholders.
1 Year
$3 Billion
200 ICOs
The days of token sales flying below the SEC’s radar are over. ICOs need to be aware of the securities laws https://t.co/XoK7dYZGTk
Endorsements may be unlawful if they do not disclose the nature, source, &a amount of any compensation paid directly or indirectly.
Via SEC https://t.co/KwUYHAGsWd