SEC Charges Kik With Conducting $100M Unregistered ICO

Re:SEC Charges Kik With Conducting $100M Unregistered ICO by mindcandy on Tuesday June 04, 2019 @02:36PM (#20097911)

Hey... I'm not citing. I'm not even arguing. I'm quoting their answer to your question.

Supposedly Kik did seek clarification from the SEC and didn't get any. Then they received an enforcement action which is supposed to include details about the problems involved and the actions to be taken, but it contained none of those. Since then, they have been working for a year to get any kind of detail from the SEC, and the SEC has declined.

Personally, I think the root problem is that it seems the SEC is wildly under-funded and over-loaded. If a politician ran on a platform of election & campaign-finance reform + fund up the IRS & SEC; you couldn't call me a single-issue voter, but maybe a "2-issue voter" in that dream scenario.

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Re:SEC Charges Kik With Conducting $100M Unregistered ICO by elliekelly on Tuesday June 04, 2019 @02:57PM (#20098095)

I don't buy this argument from Kik for a second. The SEC might not always get back to you immediately but they sure as shit aren't going to lob charges your way when you're in the middle of working with them. In my experience they're very reasonable and willing to hear you out _so_long_as_ you're respectful, patient, and open to reaching a compromise.

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Re:SEC Charges Kik With Conducting $100M Unregistered ICO by kenneth on Tuesday June 04, 2019 @09:52PM (#20100870)

In my experience, the SEC is one of the most reasonable and competent government agency.

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