Healthcare Archives -
Google is expected to name David Feinberg, head of the Geisinger health system, to a newly created role overseeing the tech company’s health-care efforts.
WSJ.com: US Business
Stocks are a bit higher Thursday morning as major indexes extend a rebound into a third day.
Healthcare companies are rising after insurer Cigna posted third-quarter results that beat Wall Street’s expectations and raised its estimates for the rest of the year. A big gain by AIG is helping send…
This student activist graduated to fighting healthcare inequities, building a free clinic into AltaMed Health Services Corp.October 14, 2018 | dailybusinessnews
AltaMed Health Services Corp. Chief Executive Castulo de la Rocha, 69, has dedicated his life to the less fortunate, from his youthful participation in the Chicano civil rights movement to the present, running the largest community healthcare system in California funded under the federal Health…
President Trump has repeatedly condemned U.S. immigration policy, arguing that many immigrants pose a threat to the nation and drain U.S. resources. But a study released Monday about health insurance challenges the president’s portrayal.
The study in the journal Health Affairs found that immigrants…
Video healthcare, or “telehealth,” is taking a big step toward the mainstream as pharmacy giant CVS Health rolls out internet access to its MinuteClinic treatment facilities in California and a handful of other states.
This is a big deal, representing a smart use of technology to make healthcare…
For the fourth consecutive year, the technology sector boasted the highest-paying jobs in the United States, according to an annual report from Glassdoor.
Thirteen of the 25 highest-paying jobs this year were in tech, up from 11 in 2017, according to the report, which was released this week. Within…
A San Diego whistleblower will receive $ 17.2 million with the settlement of a 7-year-old false claims lawsuit against Prime Health Care regarding overbilling for Medicare services at 14 California hospitals.
The U.S. Department of Justice announced Friday that it has reached a $ 65-million settlement…
Colorado Securities Commissioner, Gerald Rome, has issued a cease and desist order to Florida based Linda Healthcare Corporation and its founder, Arturo Devesa, halting the company’s initial coin offering (ICO) due to the token sale being deemed an offering of an unregistered security. The cease and desist is a reaffirmation of a previous ruling made in July by administrative Judge, Matthew Norwood.
Linda Healthcare Corporation Issued Cease and Desist
The Colorado Department of Regulatory Agencies’ Division of Securities first became aware of Linda Healthcare Corporation’s “Linda Health Coin” (LNDA) in April.
A press release published by the Colorado Department of Regulatory Agencies states that the LNDA token was advertised to “be used to purchase specific ‘Linda Health Insurance’ covering telemedicine through an artificial intelligence chat services that creates medical solutions through use of blockchain technology.”
The release asserts that “Potential buyers of LNDA coin are not provided disclosures of the risks of investing in cryptocurrency and a pop-up that states that this particular ICO constitutes a security in the state of Colorado can be closed and easily ignored.”
LNDA ICO Determined to Comprise Securities Offering
The company claimed that it’s offering resembled a “crowdfunding campaign,” however, Judge Norwood found that the offering as detailed in the company’s white paper and website falls under the classification of an “investment contract.”
Judge Norwood determined that a “LNDA token is a security in that it meets all three prongs of the [Howey] test. It is 1) a contract, transaction, or scheme whereby a person invests his or her money in 2) a common enterprise and 3) is led to expect profits solely for the efforts of the promoter or a third party.”
Commissioner Rome stated: “ICOs are highly risky and should only be undertaken by sophisticated investors with the understanding that they may lose most or all of their funds. Most ICOs meet the terms of a securities transaction and carry with them all of the same risks when it comes to losing money. […] Investment opportunities being sold through ICOs over the internet need to be approached with the same level of caution as any high-risk investment venture. If you are investing money in any kind of cryptocurrency, such as a coin or token where you are expecting to reap returns and are relying on those returns to come from the efforts of an outside party, you are dealing with investments.”
What is your response to the determination that Linda were offering securities? Share your thoughts in the comments section below!
Images courtesy of Shutterstock, www.colorado.gov
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The post Denver-Based Healthcare ICO Issued Cease and Desist for Offering Securities appeared first on Bitcoin News.
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