[Alabama Securities Commission] Last October, the Board of the International Organization of Securities Commissions (IOSCO) discussed the growing usage of Initial Coin Offerings (ICOs) to raise capital as an area of concern. “There are clear risks associated with these offerings,” IOSCO had warned all nations in a statement after the discussions. The world body also said that ICOs are highly speculative investments in which investors were putting their entire invested capital at risk. To be fair, some operators provide legitimate investment opportunities to fund projects or businesses. But, the increased targeting of retail investors through online distribution channels by parties often located outside an investor’s home jurisdiction — which may...
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Authorities Worldwide Highlight Risk Around Investments