SEC Charges Kik With Conducting $100M Unregistered ICO

Re:SEC Charges Kik With Conducting $100M Unregistered ICO by harryh on Tuesday June 04, 2019 @02:11PM (#20097662)

It's important to note that while this person seems, you know, not very smart, the laws against unlicensed securities exist precisely to protect this kind of person from getting themselves in trouble.

I'm no lawyer, but it certainly seems like Kik worked to circumvent these laws in order to raise a bunch of money to keep their business alive. I look forward to seeing where the SEC investigation/trial goes.

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Re:SEC Charges Kik With Conducting $100M Unregistered ICO by mamon on Wednesday June 05, 2019 @03:14AM (#20102162)

>> It's important to note that while this person seems, you know, not very smart, the laws against unlicensed securities exist precisely to protect this kind of person from getting themselves in trouble.

Which is counterproductive, really. Natural selection is the only effective cure for stupidity known to the mankind. Stupid people should be allowed to make stupid mistakes and suffer all the consequences.

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Re:SEC Charges Kik With Conducting $100M Unregistered ICO by xwolfi on Wednesday June 05, 2019 @04:15AM (#20102415)

When the poor get poorer because of their stupidity, they don't die. They regroup, kill the rich, and take the money.

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