ICOs, or initial coin offerings, seem to have replaced the IPOs, the initial public offerings, in hype and attention. With the cryptocurrency market capitalization currently going through $200 billion, it is interesting to note the differences between ICOs and IPOs. An ICO, or an initial coin offering, is a sort of a crowdfunding project, with…
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Based on recent research, ASIC reported that prospectuses are important for investors in considering an investment in an IPO but there is scope for improvement in the usability and credibility of these documents. ASIC announced that aims to support confidence in the capital markets by proactively regulating IPOs. To ensure that ASIC is regulating IPOs…
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Agency Releases White Paper on Risks of Penny Stock Investing The Securities and Exchange Commission (SEC) today barred several market participants from the penny stock industry for their roles in various sham initial public offerings (IPOs) of microcap stocks that defrauded investors. In one case, Newport Beach, California-based securities lawyer Michael J. Muellerleile authored false…
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