The SEC and the Sundance Kik or How Alternative Fundraising Schemes Get Squashed

Published: June 11, 2019, 8:39 a.m.

We look at the SEC\u2019s charging of Kik Interactive\u2019s unregulated securities offering. We recap the SEC complaint, outlining their argument that Kik was a deeply underfunded, low-revenue, high-expense company that attempted a \u201chail mary\u201d by circumventing securities law by running the Kin ICO. Finally, we step through the pieces of evidence the SEC presents.

Topics:

  • SEC put out a press release along with a complaint on Kik Interactive
    \xa0- SEC Charges Issuer With Conducting $100 Million Unregistered ICO

Links:
Press release: https://www.sec.gov/news/press-release/2019-87
Complaint: https://www.sec.gov/litigation/complaints/2019/comp-pr2019-87.pdf
Fireside #8: https://www.youtube.com/watch?v=irlVLDKKlr4