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The SEC and the Sundance Kik or How Alternative Fundraising Schemes Get Squashed
We look at the SEC’s charging of Kik Interactive’s unregulated securities offering. We recap the SEC complaint, outlining their argument that Kik was a deeply underfunded, low-revenue, high-expense company that attempted a “hail mary” by circumventing securities law by running the Kin ICO. Finally, we step through the pieces of evidence the SEC presents.
Topics:
- SEC put out a press release along with a complaint on Kik Interactive - SEC Charges Issuer With Conducting $100 Million Unregistered ICO
Links: Press release: https://www.sec.gov/news/press-release/2019-87 Complaint: https://www.sec.gov/litigation/complaints/2019/comp-pr2019-87.pdf Fireside #8: https://www.youtube.com/watch?v=irlVLDKKlr4
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By Vikram Ramakrishnan and Faizaan Shamsi
5
1212 ratings
We look at the SEC’s charging of Kik Interactive’s unregulated securities offering. We recap the SEC complaint, outlining their argument that Kik was a deeply underfunded, low-revenue, high-expense company that attempted a “hail mary” by circumventing securities law by running the Kin ICO. Finally, we step through the pieces of evidence the SEC presents.
Topics:
- SEC put out a press release along with a complaint on Kik Interactive - SEC Charges Issuer With Conducting $100 Million Unregistered ICO
Links: Press release: https://www.sec.gov/news/press-release/2019-87 Complaint: https://www.sec.gov/litigation/complaints/2019/comp-pr2019-87.pdf Fireside #8: https://www.youtube.com/watch?v=irlVLDKKlr4