Photo: Kirill Kallinikov / RIA Novosti
The Commission on securities and exchange Commission (U.S. Securities and Exchange Commission, SEC) has made the suspension of the unregistered initial placement of tokens Gram 1.7 billion. This was reported on the website of the Department.
Tokens are owned by the Telegram Group Inc. and its “daughter” TON Issuer Inc. According to the SEC, in early 2018, the company began to raise funds to Finance the development of its own blockchain platform TON. During this time they managed to sell about 2.9 billion Gram 171 buyers from different countries, including over one billion Gram — 39 American buyers.
“Our extraordinary actions today are intended to prevent Telegram to flood the US markets with digital tokens, which, we believe, was sold illegally,” said co-chair of the SEC enforcement division Stephanie Avakian. According to her, the defendants did not provide investors with information about business operations with Gram and Telegram, condition, risk factors and management — this is a requirement of securities legislation.
The Department also noted that Telegram wants to benefit from the public offering, ignoring the long-established obligations of information disclosure in protecting investors. In addition to the suspension of the ICO, the claim involves punitive sanctions against Telegram.
Video, photo All from Russia.