SECURITIES COMMISSIONER ISSUES ORDERS AGAINST 3 MORE COMPANIES PROMOTING INITIAL COIN OFFERINGS IN NORTH DAKOTA

North Dakota Securities Commissioner Karen Tyler has issued Cease and Desist Orders against 3 companies promoting unregistered and potentially fraudulent securities in North Dakota in the form of Initial Coin Offerings (ICOs).

The companies that are the subject of the orders are Crystal Token, Advertiza Holdings (Pty) Ltd., and Life Cross Coin a/k/a LifecrosscoinGmbH

This action is part of the North Dakota ICO Task Force and Operation Cryptosweep, a coordinated multi-jurisdiction investigation and enforcement effort involving over 40 U.S. and Canadian securities regulators.

Source : North Dakota Securities Department