SEC Halts Texas Financial Firm’s ‘Illegal’ ICO
PYMNTS
JANUARY 30, 2018
29), the SEC’s complaint states that AriseBank “used social media, a celebrity endorsement and other wide dissemination tactics to raise what it claims to be $600 million of its $1 billion goal in just two months.” In addition, the agency was able to freeze the company’s assets and those of its two co-founders, CNBC reported.
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