The SEC reiterates its position on the issuance, trading and investment in digital assetsNovember 23, 2018

On November 16, 2018, the SEC instituted separate proceedings against CarrierEQ, Inc. and Paragon Coin Inc. through two cease-and-desist orders.

On the same day, the Division of Corporation Finance, Division of Investment Management, and Division of Trading and Markets of the SEC issued a joined statement, reiterating positions the SEC has held consistently for the past year on three key aspects of commercial activities related to digital assets, namely, primary offers and sales of digital assets, secondary market trading of digital assets, and investments in digital assets by pooled investment vehicles.

The attached summarises the securities law implications of these recent SEC actions for both issuers of digital tokens and other market participants involved.


Jeff Broun FCA MAICD

Managing Director

M: 041 993 4623


Click here for the attached report

Subscribe to our newsletter