FINRA Charges HempCoin ICO Issuer With Securities Fraud

Crime, News, Regulation | September 12, 2018 By:

The Financial Industry Regulatory Authority (FINRA) has issued securities fraud charges against a Massachusetts resident for an unregistered initial coin offering (ICO). FINRA said the case is the agency’s first disciplinary action involving cryptocurrencies.

FINRA has accused Timothy Tilton Ayre of selling unregistered securities in the form of the HempCoin token,

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