News for hackers. Stuff that matters.

A comment on SEC asked Coinbase to halt trading for everything except Bitcoin (FT). Parent comment

Re:SEC asked Coinbase to halt trading for everything except ... by Animats on Monday July 31, 2023 @03:42AM (#36939771)
You can buy shares in music royalties.[1] Those are investments registered with the SEC, and the issuer is an SEC-registered broker/dealer with FINRA regulation and SIPC insurance. Your song portfolio may be a dud, but the company behind this has to account for the money they collect, and people will be held responsible if it goes missing.

[1] https://www.songvest.com/how-it-works

[ Parent | on HN ]
Re:SEC asked Coinbase to halt trading for everything except ... by peyton on Monday July 31, 2023 @03:55AM (#36939847)
The page literally says they aren’t registered. The copy is made to look like they are.
[ Parent | on HN ]
Re:SEC asked Coinbase to halt trading for everything except ... by Animats on Monday July 31, 2023 @07:37AM (#36941160)
No, they registered their offering. Here are all the documents filed with the SEC.[1] There's a prospectus, and annual reports.

[1] https://www.sec.gov/edgar/search/#/q=SONGVEST

[ Parent | on HN ]
Re:SEC asked Coinbase to halt trading for everything except ... by peyton on Monday July 31, 2023 @11:18PM (#36951900)
Filing stuff on EDGAR isn't registration under the Securities Act.
[ Parent | on HN ]