SEC Launches Fake ICO to Educate Investors

The U.S. Securities and Exchange Commission launched a mock ICO to help educate investors; the HoweyCoin, named after the Howey Test, presents and investment opportunity that is too good to be true; when investors try to invest they are redirected to the SEC website’s educational tools; the offering features guaranteed returns and other attractions that make it seem like a safe, profitable investment; the site is meant to point out how easy it can be to look legitimate but at the same time be fraudulent. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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