ICO promoters more careful but still using SEC back door to raise funds

MarketWatch searched the SEC’s Edgar database for mentions of words including “coin,” “ICO,” “token,” “initial coin offering” and “saft” in Form D …
Reuters
Jay Clayton, chairman of the Securities and Exchange Commission, has raised concerns about ICO and cryptocurrency markets.

Initial coin offerings are still being registered at the Securities and Exchange Commission but at a slower rate after a big drop in the price of cryptocurrencies as well as heightened regulator scrutiny.

MarketWatch counted 33 ICO-related fundraisings accepted by the SEC in the first quarter of 2019, with a total stated value of $1.9 billion. That is down from a peak of 99 in the second quarter of 2018.

MarketWatch estimated there were 287 ICO-related fundraisings accepted by the SEC with a total stated value of $8.7 billion in 2018. That was a significant increase from 44 fundraisings filed with a total stated value of $2.1 billion in 2017.

MarketWatch searched the SEC’s Edgar database for mentions of words including “coin,” “ICO,” “token,” “initial coin offering” and “saft” in Form D filings.

ICO promoters gain access to accredited investors with no review by the SEC through Form D, as first reported by MarketWatch in February 2018.

Form Ds are notices filed by a company for an offering that is exempt from full SEC registration requirements. The key criteria for the Form D exemption is that only “accredited investors,” that is, individuals that have a net worth of over $1 million, or that have consistently made over $200,000 per year in income, or companies that have over $5 million in assets, can invest.

Companies don’t have to file the Form D before the offering takes place, but instead within 15 days after the first sale of securities in the offering.

The slowdown in ICO action comes as the price of the most popular cryptocurrency, bitcoin BTCUSD, +3.34% , has dropped from a peak of nearly $20,000 to $4,786.86 on Tuesday afternoon.

In November, the SEC settled charges against CarrierEQ Inc. and Paragon Coin Inc. for sales of digital tokens using initial coin offering without registering. Both companies agreed to return funds to harmed investors, register the tokens as securities, file periodic reports with the SEC, and pay penalties.

Those cases followed the SEC’s first non-fraud ICO registration case, against Munchee, Inc. The SEC did not penalize Munchee, which stopped its offering before delivering any tokens and promptly returned proceeds to investors.

Mm Inflection Filing. On Mar 28 Venky Ganesan Filed form D.

The filler’s address is: C/O Menlo Ventures, 2884 Sand Hill Road, Suite 100, Menlo Park, Ca, California, 94025. Msop Gp Ii, L.L.C. is the related …

Mm Inflection SEC Form D

The California-based Mm Inflection, L.P. had published $5.03 million amount financing. This is a new filing. $5.03 million was raised by the Limited Partnership. The offering is still open.On 2019-03-28 The offering form was filed with total private offering amount of $5.03 million. Mm Inflection, L.P.’s clarification was: unspecified.

Mm Inflection is based in California. Pooled Investment Fund is the firm’s industry. Venky Ganesan A Managing Member of the General Partner signed the form. The company was incorporated in 2019. The filler’s address is: C/O Menlo Ventures, 2884 Sand Hill Road, Suite 100, Menlo Park, Ca, California, 94025. Msop Gp Ii, L.L.C. is the related person in the form and it has address: C/O Menlo Ventures, 2884 Sand Hill Road, Suite 100, Menlo Park, Ca, California, 94025. Here’s Mm Inflection ‘s Filing Link: 000177213919000001.

Mm Inflection Financing Details

The firms in the Pooled Investment Fund sector have average sell of 37.80 %. Mm Inflection reached 100.00 % of the fundraising. The avg offering amount for the same sector is $24.76 million.In comparison with Pooled Investment Fund sector’s average the total increased amount is 79.68 % smaller.

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our FREE daily email newsletter.

Related Posts:

  • No Related Posts

US Venture Partners Xii-A Filing. On Mar 26 Dale Holladay Released Form D.

The California-based U.S. Venture Partners Xii-A, L.P. had published $10.00 million amount financing. This is a new filing. U.S. Venture Partners Xii-A, …

U.S. Venture Partners Xii-A SEC Form D

The California-based U.S. Venture Partners Xii-A, L.P. had published $10.00 million amount financing. This is a new filing. U.S. Venture Partners Xii-A, L.P.’s offering should bring $10.00 million.On 2019-03-26 The form was filed with total private offering amount of $10.00 million. U.S. Venture Partners Xii-A, L.P.’s clarification was: unspecified. The offering has $10.00 million left to be raised and is still open.

U.S. Venture Partners Xii-A is based in California. Pooled Investment Fund is the firm’s industry. Dale Holladay Chief Financial Officer signed the form. The filler’s address is: 1460 El Camino Real, Suite 100, Menlo Park, Ca, California, 94025. Steven M Krausz is the related person in the form and it has address: 1460 El Camino Real, Suite 100, Menlo Park, Ca, California, 94025. Here’s U.S. Venture Partners Xii-A ‘s Filing Link: 000175487519000001.

U.S. Venture Partners Xii-A Financing Details

The startups in the Pooled Investment Fund sector have average sell of 37.80 %. U.S. Venture Partners Xii-A reached 0.00 % of the fundraising. The avg offering size for the same sector is $24.76 million.In comparison with Pooled Investment Fund sector’s average the total raised amount is 100.00 % smaller.

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our FREE daily email newsletter.

Related Posts:

  • No Related Posts

Lodge Hill Fund Filing. On Mar 12 Clinton Murray Published D Filing.

Lodge Hill Capital, Llc is the related person in the form and it has address: 437 Madison Avenue, 34Th Fl, New York, Ny, New York, 10022.

Lodge Hill Fund SEC Form D

The New York-based Lodge Hill Fund, Ltd. filed $10.00 million amount financing. The date of first sale was 2018-03-01. $10.00 million was raised by the . The offering is still open.On 2019-03-12 This form was filed with total financing amount of $10.00 million. Lodge Hill Fund, Ltd.’s clarification was: The Investment Manager is paid customary management fees..

Lodge Hill Fund is based in New York. Pooled Investment Fund is the firm’s industry. Clinton Murray Director signed the D form. The company was incorporated more than five years ago. The filler’s address is: Maples Corporate Services Limited, Ugland House, S. Church St., Po Box 309, Grand Cayman, E9, Cayman Islands, Ky1-1104. — Lodge Hill Capital, Llc is the related person in the form and it has address: 437 Madison Avenue, 34Th Fl, New York, Ny, New York, 10022. Here’s Lodge Hill Fund ‘s Filing Link: 000091957419002286.

Lodge Hill Fund Financing Details

The firms in the Pooled Investment Fund sector have average sell of 37.80 %. Lodge Hill Fund reached 100.00 % of the fundraising. The avg investment size for the same sector is $24.76 million.In comparison with Pooled Investment Fund sector’s average the total raised amount is 59.60 % smaller.

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our FREE daily email newsletter.

Related Posts:

  • No Related Posts

Lodge Hill Fund Filing. Clinton Murray Published Mar 12 form D

Lodge Hill Capital, Llc is the related person in the form and it has address: 437 Madison Avenue, 34Th Fl, New York, Ny, New York, 10022. Link to …

Lodge Hill Fund Form D

The New York-based Lodge Hill Fund, Ltd. had published Form D regarding $10.00 million offering. The date of first sale was 2018-03-01. The raised $10.00 million. The offering is still open. The total offering amount was $10.00 million. The offering filing was filed on 2019-03-12. Lodge Hill Fund, Ltd.’s clarification was: The Investment Manager is paid customary management fees..

Lodge Hill Fund is based in New York. The firm’s business is Pooled Investment Fund. The form was filed by Clinton Murray Director. The company was incorporated more than five years ago. The filler’s address is: Maples Corporate Services Limited, Ugland House, S. Church St., Po Box 309, Grand Cayman, E9, Cayman Islands, Ky1-1104. — Lodge Hill Capital, Llc is the related person in the form and it has address: 437 Madison Avenue, 34Th Fl, New York, Ny, New York, 10022. Link to Lodge Hill Fund Filing: 000091957419002286.

Analysis of Lodge Hill Fund Offering

On average, companies in the Pooled Investment Fund sector, sell 37.80 % pooled investment fund interests. Lodge Hill Fund sold 100.00 % of the offering. The average offering amount is $24.76 million for companies in the Pooled Investment Fund industry sector. The total amount raised is 59.60 % smaller than the average for companies in the Pooled Investment Fund sector.

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our FREE daily email newsletter.

Related Posts:

  • No Related Posts