It's been some time out of the news for charging unregistered ICO, since the Charges against Telegram illegal Token sale (most famous case until now spotted by SEC), this time the US Securities and Exchange Commission has charged Opporty International.
The firm accused of conducting an illegal sale of unregistered tokens is owned by Sergey Grybniak and, it's it's Blockchain firm Opporty international is on the SEC radar for selling $600,000 of securities for 200 investors.
The "OPP tokens" was sold between the years 2017-2018 and accordingly to SEC they at the moment of sell claimed that the tokens was "regulated and SEC compliant" that is false.
The company leaded by Sergey Grybniak raised the funds allegedly to develop the Blockchain ecosystem behind the Opp tokens and, this funds primary collected in the U.S.
Accordingly to SEC their pitched as a platform where small business could sell their products, but at the end the same ecosystem is dubious and is illegal following the SEC rules.
SEC recently redesigned their targets for this year, in partnership with other US government Institutions and will act to punish all the firms that conducted all ICO without following their guidelines.
The case with Telegram is still ongoing, and after the Messaging Company asked more time to gather all the info asked by SEC about their ICO, soon we are going to have developments.
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