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SEC Requests Telegram's Bank Records Again After New Evidence Emerges

Roland James

Summary: The Securities and Exchange Commission (SEC) is again requesting for Telegram to provide their bank records on their Gram initial coin offering (ICO). This new filing comes just four days after a similar filing was declined “without prejudice,” allowing for the SEC to try again. The reason for the request appears to be because new ...

The Securities and Exchange Commission (SEC) is again requesting for Telegram to provide their bank records on their Gram initial coin offering (ICO).

This new filing comes just four days after a similar filing was declined “without prejudice,” allowing for the SEC to try again. The reason for the request appears to be because new evidence surfaced of alleged underwriters requesting commission fees for the sale of Telegram tokens.

By Janelle Fox

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