Monday, 28 May, 2018

The SEC just launched its own ICO

1970s SMILING CLOWN PINK FACE GREEN JACKET WAVING A WHITE GLOVED HAND LOOKING AT CAMERA SEC Launches its Own Fake ICO as Warning to Investors
Jean Garcia | 17 May, 2018, 09:38

"The SEC Has an Opportunity You Won't Want to Miss: Act Now!", the title for an official press release for a fraudulent coin offering from the SEC reads.

On Wednesday, the SEC launched a mock ICO called HoweyCoin, after the Howey test (the test used to determine whether something is a security or not). At first glance, the website looks very similar to any ICO website.

HoweyCoin even has endorsements from athletes, social media influences, and other celebrities who are obviously the top authorities on the quality of the underlying technology.

The SEC has done its part to combat ICO fraud. The project also comes with it's own legit-looking whitepaper, as well. We've recently seen fraudsters pretending to be involved in blockchain technology, initial coin offerings, and crypto-currencies - when really they are simply operating scams created to take investors' hard-earned money.

Raptors awkwardly congratulate fired Dwane Casey on Coach of Year nomination
That regular-season success wasn't enough for Casey to keep his job, though, and he was sacked after seven years on the job. After Raptors general manager Masai Ujiri fired Casey on Friday, he addressed media while fighting tears.

Howeycoins arrived after a tense period of mixed signals from the US' lead financial regulator, and SEC Chairman Jay Clayton has repeatedly warned investors against cryptocurrencies and exchanges.

In a nice twist, users pressing the "Buy Coins Now" button or attempting to sign up to the newsletter, are instead directed to page at another SEC site - that one with investor education tools and tips.

The page then continues to outline the red-flags the SEC planted on the HoweyCoins' site to demonstrate the false advertising practices that many scam projects employ to rope in investors.

"The website features several of the enticements that are common to fraudulent offerings, including a white paper with a complex yet vague explanation of the investment opportunity, promises of guaranteed returns, and a countdown clock that shows time is quickly running out on the deal of a lifetime", the SEC said in a statement. "We embrace new technologies, but we also want investors to see what fraud looks like, so we built this educational site with numerous classic warning signs of fraud". "It's great that they're educating investors and not just bring (sic) paternalistic, and it's creative too, which I wouldn't have expected", Trevor Koverko, chief executive of Polymath told The Wall Street Journal.

Recommended

Cheesecake Factory apologizes to black man harassed for Trump cap Cheesecake Factory apologizes to black man harassed for Trump cap Ladenburg Thalmann Financial Services Inc. boosted its holdings in The Cheesecake Factory by 328.5% during the fourth quarter. The Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Wednesday, April 25th.

David Warner to play Premier cricket in Sydney David Warner to play Premier cricket in Sydney Mike Whitney, the President of the club has welcomed Warner for his stint. "We're delighted to have him", Whitney said. Days before the announcement, Bancroft was also cleared to play in Western Australia's Premier Cricket for Willetton.

$0.85 Earnings Per Share Expected for Bristol-Myers Squibb (BMY) This Quarter Moving averages can help smooth out these erratic movements by removing day-to-day fluctuations and make trends easier to spot. A company that manages their assets well will have a high return, while if manages their assets poorly will have a low return.

David Tepper named new owner of Carolina Panthers David Tepper named new owner of Carolina Panthers The former Denver Bronco quarterback was going to be a part of SC billionaire Ben Navarro's bid to buy the team. City council member Tariq Bokhari said from all he has heard, David Tepper wants to keep the team here as well.

Cisco Earnings: A Slight Beat, a 4% Slide Cisco Earnings: A Slight Beat, a 4% Slide AE Wealth Management LLC's holdings in Cisco Systems were worth $690,000 at the end of the most recent reporting period. Goodman Financial Corp acquired a new stake in Cisco Systems during the fourth quarter worth approximately $115,000.

Stocks Movement Analysis: Intel Corporation (INTC), Helios and Matheson Analytics Inc. (HMNY) Stocks Movement Analysis: Intel Corporation (INTC), Helios and Matheson Analytics Inc. (HMNY) For the past 5 years, the company's revenue has grown -3.3%, while the company's earnings per share has grown -4.44%. To ascertain 10-Months Price Index, simply dividing current price of the stock by the 10-Months back price.

Judge Overturns California's End of Life Option Act Judge Overturns California's End of Life Option Act Unless a higher court intervenes, the law, in effect since June 2016, will become unenforceable next week. Almost two years after it took effect, California's controversial assisted death law is back in limbo.

USA safety agency sends team to investigate Tesla crash USA  safety agency sends team to investigate Tesla crash The driver had been using the "Autosteer" and "Traffic Aware Cruise Control" functions of Autopilot, Tesla reported to police. During this "drive cycle", the Model S registered " more than a dozen instances of her hands being off the steering wheel".

Kangaroo back home after being loose overnight in SC Kangaroo back home after being loose overnight in SC That's how a deputy captioned a Facebook photo of a kangaroo in the road in McCormick County. Multiple Augusta-area outlets reported Tuesday afternoon that the kangaroo is back home.

Kerala Tourism tweet inviting Karnataka MLAs deleted Kerala Tourism tweet inviting Karnataka MLAs deleted There has been a steady rise in the number of MLAs with a criminal background in the Karnataka assembly. Of the 221 lawmakers whose affidavits were analysed by ADR, 35 per cent face criminal cases.

No stopping for BJP's victory chariot: Amit Shah No stopping for BJP's victory chariot: Amit Shah We also have similar dream to win on 18 seats during next assembly election. "Everyone has to work towards achieving the dream". Another alliance partner, MGP, said that the regional parties will remain an important factor in Goan politics.

Egypt: Israel will target Hamas leaders if Gaza security situation worsens Egypt: Israel will target Hamas leaders if Gaza security situation worsens Some demonstrators were filmed throwing rocks and firebombs, burning tires, and flying flaming kites into Israeli territory. While the riots were originally planned to end on May 15, Gaza officials have promised that they would be extended.

Starbucks Wants to Triple Revenue in China in Four Years Starbucks Wants to Triple Revenue in China in Four Years Introducing these products to China will be "one of the priorities that we focus on early" after the transaction closes, he said. Today Starbucks now has around 3,300 stores in China and it aims to increase this to 6,000 by the end of 2022.

Samsung Galaxy Note 9: Rumors and expectations Samsung Galaxy Note 9: Rumors and expectations It goes on to claim that the phone might be unveiled in August instead of September, a month earlier than a year ago . This revolutionary phone design will house top of the lines specs and raise the bar for smartphone competitors.

US, Chinese officials try to head off trade war US, Chinese officials try to head off trade war Navarro has expressed hawkish views on Chinese trade policies in the past, even writing a book titled " Death by China ". Liu, who is China's top economic official, told US lawmakers on Wednesday that he would work hard to address the U.S.