We have been asked on a number of occasions what are the repercussions if you do not comply with the regulator…Well following a FBI investigation Homero Garza is now doing time for his involvement in an alleged scam where over $9million of other people’s money was lost. The other question often asked is ‘following the 2008 financial crash no one went to prison” but this is not true according The Financial Times 47 people have been sentenced to date. The lesson is the regulators have teeth and WILL use them and as we increasingly see more and more Security tokens being issued organisations need to ensure they are complying with the relevant regulations wherever selling a token…
