SEC in 2017 7 27 published the famous report “Report of Investigation Pursuant to Section 21 (a) of the Securities Exchange Act of 1934: The DAO (July 25 2017)” (“DAO Report”), on “The DAO” project certificate issued to determine the nature and derived the supervision the corresponding principle, if and only if the digital asset complies with federal law the definition of “securities”, the relevant behavior, including distribution, sales, trading, investment, consulting and circulation, etc., will be included in the regulation. Therefore, the legal supervision is lagging behind.
SEC education for investors is long-standing, and very systematic and perfect. Responsible for investor education institutions, can be traced back to the earliest in 1994 by the U.S. Securities and Exchange Commission (hereinafter referred to as the The U.S. Securities and Exchange Commission “SEC” SEC) established “investor education and assistance office” (The Office of Investor Education and Assistance). In addition, there is the financial industry regulatory authority (The Financial Industry Regulatory Authority, referred to as FINRA) and the securities industry and Financial Markets Association (The Securities Industry and Financial Markets Association, referred to as SIFMA). For digital currency investors, SEC’s official website you can get the appropriate help, because SEC provides many tools, including SALI, IPAD, EDGAR Investor Alerts and Bulletins system, etc..
Education is just beginning to let investors wary of the effect, however, investors are still ultimately the injured party. Then through a case of SEC to understand the specific punishment of offenders is how to do.