SEC Sues Kik Interactive For Conducting $100M USD Unregistered ICO

ICO News, News, Regulation | June 5, 2019 By:

The US Securities and Exchange Commission (SEC) has sued social media company Kik Interactive for conducting a $100 million initial coin offering (ICO) in 2017, which the regulator deemed as an unregistered security issuance.

In its complaint, the SEC charges that Kik sold its Kin tokens to US investors without registering their offer and sale as required by the US securities laws.

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