The Securities and Exchange Commission has warned investors to be extra cautious about trading in any of nine unsecured digital assets as they are unlicensed and unverified.
The SEC said on Friday that operators of nine digital assets -- Every Coin, Orientum Coin or ORT Coin, OneCoin & OFC Coin, Tripxchain Coin or TXC Coin, TUC Coin, ICO by G2S Expert, ICO by Singhcom Enterprise, ICO by Adventure hostel Bangkok and ICO by Kidstocurrency -- had not yet sought permission from the commission. No permission was granted for those assets to trade.
Investors persuaded to invest in unsecured digital assets should take extra caution, the SEC announcement said.
The SEC began an investigation after receiving information that investment in the nine digital assets was being promoted via Facebook and YouTube.
