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SEC to stiffen penalties for non-fraud cryptocurrency breaches, official says

By Neil Roland ( February 23, 2018, 22:42 GMT | Insight) -- The US Securities and Exchange Commission plans to increase the severity of its penalties against companies for digital currency violations that don’t rise to the level of fraud, an enforcement official said. “The market’s been on notice for some time,” said Robert A. Cohen, head of the SEC cyber enforcement unit. Breaches might include failure to register initial coin offerings or make proper investor disclosures in connection with this new kind of fundraising.The US Securities and Exchange Commission plans to increase the severity of its penalties against companies for digital currency violations that don’t rise to the level of fraud, an enforcement official said....

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