Initial Coin Offerings
ICOs are a way for companies to raise capital. In an ICO, a company offers digital tokens to potential investors to fund a certain project or platform, and distributes the tokens via a blockchain network. Tokens purchased by an investor in an ICO typically do not provide “shares” in the company but might grant access to a service or a share in the project's earnings. The resources below provide detailed information about the ICO process and important regulatory guidance and warnings regarding these investments.
FINRA
- Investor Alert: Initial Coin Offerings Initial Coin Offerings (ICOs)—What to Know Now and Time-Tested Tips for Investors
- Investor Alert: Initial Coin Offerings: Know Before You Invest
- Investor Education: The Ins and Outs of Initial Coin Offerings
SEC
- SEC Spotlight on Initial Coin Offerings and Digital Assets
- Initial Coin Offerings
- Investor Bulletin: Initial Coin Offerings
- Investor Alert: Celebrity Endorsements
- Investor Alert: Public Companies Making ICO-Related Claims
- Investor Alert: Watch Out For False Claims about SEC and CFTC Endorsements Used to Promote Digital Asset Investments
- ICO—HOWEYCOINS (HoweyCoins)