SEC Launches Fake ICO to Educate Investors

The U.S. Securities and Exchange Commission launched a mock ICO to help educate investors; the HoweyCoin, named after the Howey Test, presents and investment opportunity that is too good to be true; when investors try to invest they are redirected to the SEC website’s educational tools; the offering features guaranteed returns and other attractions that make it seem like a safe, profitable investment; the site is meant to point out how easy it can be to look legitimate but at the same time be fraudulent. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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