SEC fined Russian ICORating $268 thousand

by in Cryptocurrency News


Russian-based research firm ICORating has agreed to pay fines of $268,998 to the US Securities and Exchange Commission (SEC).

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For example, representatives of the department accused the organization of the fact that from December 2017 to July 2018 it did not notify users of monetary rewards for promoting ICO projects, which tokens, in accordance with American law, fall under the definition of securities.

ICORating did not confirm or deny the accusations, however, now on the site, you can find the corresponding notification on receipt of monetary compensation for inclusion in the listing and rating projects. However, according to representatives of the organization, this does not affect the objectivity of research.