Colorado Department Of Regulatory Agencies Investigating Three Crypto Firms
Three crypto firms alleged of promoting unregistered initial coin offerings (ICO) have been ordered to show cause by Colorado Securities Commissioner Gerald Rome. An order to show cause is a court order requiring recipients to justify, explain, or prove something to the court.
The orders come as part of a state investigation into “what has become a trend of allegedly fraudulent companies looking to make quick money,” according to the press release issued by the Colorado Department of Regulatory Agencies (DORA).
