#securities offering

[pavel-nosok]

SEC serves $4M in fines to Coinme over ‘misleading’ UpToken ICO

The regulator nabbed the crypto ATM operator turned exchange for securities law violations over its sales and statements of a crypto token.

View On WordPress

[pavel-nosok]

Nexo ‘surprised’ by state regulators' actions, says co-founder

Nexo ‘surprised’ by state regulators’ actions, says co-founder

Kalin Metodiev emphasized that Nexo has been navigating through conversations with regulators for the past couple of years to ensure compliance, and was surprised that this news was “thrown out there in public.”

View On WordPress

[pavel-nosok]

SEC charges Rivetz over $18M ICO, seeks the return of 'ill-gotten gains'

SEC charges Rivetz over $18M ICO, seeks the return of ‘ill-gotten gains’

The SEC alleged that some of the proceeds from the offering were used to give the founder a bonus of $1 million and a loan of $2.5 million which he used to purchase a house in the Cayman Islands.

View On WordPress

[newsdock]

Startup NerdWallet raises $64 million in first round of funding

By Sarah McBride SAN FRANCISCO (Reuters) - NerdWallet said it had raised $64 million in its first round of funding, far more cash than it needs to run the personal finance startup, in part to underscore its growth and show it has the potential to one day be valued at over $1 billion. The cash, an outsized sum for initial funding, will serve as a signaling device as much as it will help NerdWallet expand, said founder and Chief Executive Officer Tim Chen. “The more talent, the better.” The funding round values NerdWallet in the mid-hundred millions, a person familiar with the situation said. Once a company hits a $1 billion valuation, it becomes what Silicon Valley calls a "unicorn." Since the beginning of 2014, just eight U.S. startups have raised Series A funding rounds of $50 million or more, according to CB Insights, a consultancy. http://dlvr.it/9mzwfF