Colorado Department Of Regulatory Agencies Investigating Three Crypto Firms

ICO News, News, Regulation | August 29, 2018 By:

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).