The SEC has charged crypto promoter Ian Balina (DiaryofaMadeMan) with promoting an unregistered ICO – and failing to disclose that he was compensated for the promotion. cheyenneligon reports
Crypto promoter Ian Balina has been charged with violating federal securities laws for his role in promoting – and later reselling – tokens connected to a 2018 initial coin offering .
Additionally, Balina is accused of violating the Securities Act by forming an investment pool on Telegram with which to re-sell his own SPRK tokens, therefore conducting “his own unregistered offering of SPRK tokens.”
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