SEC goes after ICOBox for $16M over unregistered ICO

SEC goes after ICOBox for $16M over unregistered ICO – CoinGeek

The U.S. Securities and Exchange Commission (SEC) has sued ICOBox and its owner for $16 million in disgorgement and fines. The regulator accuses the company of conducting an illegal securities sale from which it raised $14 million. It also accuses the company of acting as an unregistered broker for other crypto offerings as well.