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Re: Sigma Six post# 68416

Friday, 01/26/2018 9:33:54 PM

Friday, January 26, 2018 9:33:54 PM

Post# of 156701
You and others have been here longer and add good insight.

IMO The SEC is going enforce virtual currency rules with the below guidelines, unless of course they are exempt. I’ve seen this with other ICO’s.

“SEC guidelines as a security token under Regulation 506 (c)

Under Rule 506(c), issuers can offer securities through means of general solicitation, provided that:
• all purchasers in the offering are accredited investors,

• the issuer takes reasonable steps to verify their accredited investor status, and

• certain other conditions in Regulation D are satisfied.
An “accredited investor” includes a natural person who:

• earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, or

• has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence).”

Definitely will limit the sale.
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