9454 Wilshire Blvd. 6th Floor
Beverly Hills, CA, 90212
We assist companies with Initial Coin Offerings or ICOs. The president of our company is an experienced securities attorney. We assist with the legal aspects as well as blockchain development.
It is important to note that Initial Coin Offerings are considered securities by the Securities and Exchange Commission. Therefore, you will need an experienced securities attorney to assist you with your securities filings, so that you do not violate securities laws.
The Securities and Exchange Commission takes a broad view on what a security is. Failing to adhere to the SEC’s rules and regulations can bring about harsh penalties, fines, and even having the SEC disgorge all funds raised from your company, regardless if you’ve already spent the capital raised. For example suppose you raised $5 million and spent it for business reasons. If you have not raised the capital properly the SEC will fine you that amount even if you have spent it. Therefore, you would owe the SEC $5 million. The SEC just like the IRS, will pursue you until they collect.
Therefore, it is of the utmost importance that you consult with an experienced Securities Attorney to make sure that your coin offering is in full compliance with SEC rules and regulations before raising any capital.
It is unlawful to simply raise capital without registering your offering with the SEC or doing other complex filings with the Securities and Exchange Commission. You must do filings in accordance with Securities Laws.
So that we can understand your specific needs and better serve you, please provide us with additional information regarding your company. A few questions we need answered are:
- Where you are in the process?
- How much money you wish to raise
- Have you have raised any money so far?
- Have you developed the coin/blockchain backend technology yet?
- Do you have a white paper?
The more information you can provide us the better we can help you.
The very first step in the ICO process before beginning anything is to engage a firm experienced with securities and coin offerings.
Our president who is a Securities Attorney can assist you with SEC filings. We can also assist with your backend blockchain development.
Our services can also include contacting stock brokerage firms and investment funds. We have a proprietary database of over 30,000 investment sources. We can also assist you with investor relations consulting. This is to let the general public know that you are doing an ICO. Many companies will trade coins for advertising. They can then run ads on TV, newspaper, radio, and internet promoting their stock symbol and/or coin offering and making the general public aware of your coin offering.
If you are considering doing an ICO outside of the US please keep this in mind.
You will have to comply with the laws of every country you sell coins in.
Certain countries have outlawed Cryptocurrencies altogether.
Almost every week a country is passing new laws.
So, to avoid breaking laws you will have to hire a securities attorney in every country you want to sell coins in, which could be very expensive.
The US has the largest capital markets and US entities and individuals are the largest investors in cryptocurrencies.
Therefore, many smart business people are choosing to do the ICO in the US
Also, if you still decide to do it offshore and one US investor buys the coin, you have violated US securities laws.
So, for a variety of reasons astute companies are deciding to do their coin offerings in the US.
An ICO in the US is a fine way to raise capital. You simply must do certain filings with the SEC and provide legally prepared documents for investors.
Therefore, it is important to get a legal team very experienced with securities laws.
Please get in contact with us for further discussion.
The president of Tiber Creek is a Securities Attorney. His website is www.cassidylawoffices.com