News for hackers. Stuff that matters.

A comment on SEC Charges Kik With Conducting $100M Unregistered ICO. Parent comment

Re:SEC Charges Kik With Conducting $100M Unregistered ICO by PierceJoy on Tuesday June 04, 2019 @05:02PM (#20099193)
There needs to be a punitive aspect as well. Simply taking away their profit doesn't discourage this in the future, as being caught isn't certain.

I'm not saying the company should be bankrupted, but it has to hurt them enough that they wouldn't want to risk trying again.

[ Parent | on HN ]
Re:SEC Charges Kik With Conducting $100M Unregistered ICO by httpsterio on Tuesday June 04, 2019 @05:44PM (#20099571)
Hurt them enough so that nobody will try the same again, not just kik. But then again, bankrupting them isn't the wisest choice, if they pay enough taxes and their offences isn't too severe, it would be better to have them around employing people and paying taxes and wages vs it doesn't exist at all.
[ Parent | on HN ]