SEC in Settlement Talks With ‘Fraudulent’ ICO Organizer Reg Middleton

SEC in Settlement Talks With ‘Fraudulent’ ICO Organizer Reg Middleton

The U.S. Securities and Exchange Commission (SEC) announced it has entered into settlement discussions with Reggie Middleton, organizer of the $14.8 million Veritaseum (VERI) initial coin offering (ICO). In a filing with the New York Eastern District Court, published Oct. 2, the regulator said discussions with the defendants have taken place ahead of a pretrial conference.