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Crowds of migrants resumed their long journey north on Sunday from the Mexican border city of Ciudad Hidalgo, according to Mexican federal police officers.
CNN.com – RSS Channel – Regions – Americas
Secretary of State Mike Pompeo met separately Sunday with the leaders of North and South Korea, citing progress on slow-moving denuclearization talks and on a second summit meeting between President Trump and North Korea’s Kim Jong Un but reporting no apparent breakthrough.
WSJ.com: What’s News Asia
Secretary of State Mike Pompeo and Japanese Prime Minister Shinzo Abe met in Tokyo in hopes of coordinating their countries’ efforts to denuclearize North Korea.
WSJ.com: What’s News Asia
Foreign car makers are considering moving more manufacturing to North America from overseas plants after the trade deal.
WSJ.com: US Business
Sorry, Aaron Rodgers … your reign as King in the NFC North is over — ’cause the Bears are the best team there now — so says Chicago legend Mike Singletary. Da Bears just waxed the Bucs 48-10 … and when the greatest LB in Chicago history spoke…
Secretary of State Mike Pompeo is on course to rack up more visits to North Korea than Dennis Rodman. The State Department announced Tuesday that Pompeo will meet with Kim Jong Un in Pyongyang on Sunday during an Asia trip that will also include stops in South Korea, China, and…
The securities department of the US state of North Dakota has issued orders against three companies promoting initial coin offerings in the state. They are Bitconnect, Magma Foundation, and Pension Rewards. The investigations are part of Operation Cryptosweep which involves over 40 US and Canadian securities regulators.
North Dakota’s Cease and Desist Orders
North Dakota Securities Commissioner Karen Tyler issued cease and desist orders Wednesday against three companies “promoting unregistered and potentially fraudulent securities in North Dakota in the form of initial coin offerings (ICOs),” the state’s securities department announced. The department wrote:
The companies that are the subject of the orders are Bitconnect and related companies Bitconnect Ltd. and Bitconnect International Plc., Magma Foundation and related companies Magma Coin and Magma, and Pension Rewards Platform, aka Pension Rewards.
The orders are the result of investigations by the department’s ICO task force set up to identify “ICOs and cryptocurrency related investments that pose a risk to North Dakota investors,” the announcement describes. “The effort is also part of Operation Cryptosweep, a coordinated multi-jurisdiction investigation and enforcement effort involving over 40 U.S. and Canadian securities regulators.” In August, the regulators revealed that more than 200 crypto-related cases are being actively investigated, as news.Bitcoin.com previously reported.
The announcement explains that the three companies are not registered to offer securities in the state. However, their websites, which solicit investments for ICOs, are available to residents of the state. In addition, they contain “unsubstantiated claims,” “misrepresentations,” or “several allegedly fraudulent representations.”
The Three Companies
Bitconnect, Bitconnect Ltd., and Bitconnect International Plc have already been served orders by several states such as Colorado, North Carolina and Texas for “alleged unregistered activity and fraud,” the commissioner detailed, adding:
Bitconnect’s website claims that holders of their BCC [token] can receive interest rates of up to 120%…Bitconnect’s claim of excessive interest rates is unsubstantiated and misleading.
Magma Foundation, Magma Coin, and Magma are conducting an ICO for MGM token which is allegedly “backed by gold and/or ETFs,” the commissioner noted. The Colorado Securities Division has already issued a cease and desist order to the company.
Pension Rewards Platform, aka Pension Rewards, is soliciting investors “for virtual currency called ‘$ pcoin’ or ‘pcoin’ which allows investment in and use of their platform to connect freelancers to available workforce opportunities.” The order describes:
The website states that the coins will multiply rapidly and produce a large profit for investors, and that the growth will ‘happen in no time’.
Additionally, the coin’s whitepaper “makes the unsubstantiated claim that due to the rapidly growing market and popularity of their platform, the coin price will grow.” However, the commissioner emphasized that the firm does not “disclose material financial and risk information to potential investors, nor do they describe the means by which they will provide the promised return on investments.”
What do you think of North Dakota issuing orders against the three companies? Let us know in the comments section below.
Images courtesy of Shutterstock and North Dakota Office of the Governor.
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North Korea needs more trust in the US and their developing relationship before it will get rid of its nuclear weapons, Pyongyang’s top diplomat said Saturday as an envoy from another of the international community’s biggest worries—Syria—demanded that the US, France, and Turkey withdraw their troops from his…