SEC Fines Entrepreneur For Unregistered Bitcoin IPOs – ValueWalk Premium
Bitcoin

SEC Fines Entrepreneur For Unregistered Bitcoin IPOs

Regulators may not have settled on exactly how they want to deal with digital currencies like Bitcoin, but the rules governing the rest of the financial system still apply. The Securities and Exchange Commission charged Erik T. Voorhees, the owner of two bitcoin-related websites, of offering shares in his companies without registering them first. He has settled the SEC charges by paying full disgorgement of the profits, a bit more than $15,000, and a $35,000 fine.

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