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GUEST BLOG: [In]Securities: Puff!: The SEC Slays DRGN by Aegis Frumento Esq (BrokeAndBroker.com Blog)
Bill Singer
Wall Street legal, regulatory, and compliance veteran since 1982. Previously, he was the third generation of his family in the wine and liquor business.
GUEST BLOG: [In]Securities: Puff!: The SEC Slays DRGN by Aegis Frumento Esq?(BrokeAndBroker.com Blog)
https://www.brokeandbroker.com/6616/aegis-frumento-insecurities-drgn/
On August 16, the SEC filed a Complaint against Dragonchain, Inc. its affiliated companies and its founder, Joe Roets alleging that they sold unregistered securities. Allegedly,?Dragonchain first raised $1.4 million in a pre-sale of DRGNs to 68 members of a crypto investment club, and in October /November 2017, raised $12.3 million from about 5,000 investors in an initial coin offering. In response to the SEC Wells Notice, Roets proclaimed "I am Joe Roets. I am not a lawyer nor venture capitalist. I am a software engineer, businessman, entrepreneur, husband, father, and patriot." Guest blogger Aegis Frumento Esq. got a chuckle out of Roets response, and the veteran industry lawyer shares his thoughts on how things unfolded.
Wall Street legal, regulatory, and compliance veteran since 1982. Previously, he was the third generation of his family in the wine and liquor business.
2 年Nancy -- Don't you play a lawyer on TV?
I’m not a lawyer, either. This article was highly entertaining and quite informative. Thanks.