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Topic: [2018-03-01] Overstock Confirms $250 Million tZero ICO Under SEC Review (Read 96 times)

legendary
Activity: 1904
Merit: 1074
The truth is Patrick Byrne tickled the Lion's balls when he campaign against naked shorting and analysts. Source :

https://en.wikipedia.org/wiki/Patrick_M._Byrne and when he opened his doors to Bitcoin, when all other big companies

turned their back on it. They still carry a grudge and wants to stick it to him and they using the SEC to do it.  Angry

legendary
Activity: 2170
Merit: 1427
If the ICO is under SEC review, will it be safer than most ICO out there?

Not necessarily. It's more so that this ICO will then comply with all legal terms, but that doesn't mean anything when it comes to you as investor. If Overstock messes up in one way or another, you are still left with heavy losses. SEC is nothing more than a hoax watchdog in reality. They rejected the previous Bitcoin ETF's because they can't 'guarantee' that investors will be safe, while they have done nothing to protect investors when it comes to all the failed (non crypto) ETF's having resulted in millions and millions in losses globally. The SEC only wants to make sure you aren't doing anything that goes against their own values, where if they think it doesn't harm themselves, they from that point don't care about what happens after that. They are a bunch of hypocrites at most.
newbie
Activity: 59
Merit: 0
If the ICO is under SEC review, will it be safer than most ICO out there?
full member
Activity: 392
Merit: 100
A new filing with U.S. securities regulators has revealed a number of new details about Overstock.com's ongoing $250 million ICO for its tZero alternative trading system.

However, perhaps most notable amid the stream of information on the sale structure and advisory board, is the public e-commerce company's confirmation that the sale has been under review by the SEC since February.

While the documents explicitly state Overstock is not aware of any legal proceedings that could have an "adverse impact," on the company, they do shed light on a Wall Street Journal report Wednesday that confirmed the agency is conducting a sweeping probe of companies and firms that have sought to raise money via the mechanism.

https://www.coindesk.com/overstock-confirms-250-million-tzero-ico-sec-review/
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