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According to an official report published just two days ago, the cease and desist order of the Colorado State Securities Commissioner Gerald Rome to four crypto companies is in our crypto news today.

The commissioner issued to four ICO for allegedly offering unregistered securities. The Department of Regulatory Agencies has its own ‘’ICO Task Force’’ that conducted this operation. The operation was ongoing since May 2018 when the investigations showed of possibly unlawful activity that was mostly meant to crypto investors. For this reason, the Department issued 12 cease and desist orders against ICOs.

On November 8, the Commissioner signed four more orders to Bitcoin Investments, Ltd, PinkDate, Prisma and Clear Shop Vision Ltd.

The first company to get the notice claims to be a blockchain investment company that allegedly has more than $690 million assets in multiple funds. The company promised its customers more than one percent daily returns.

Their website shows that their team has members from the US Securities and Exchange Commission which makes it look great to potential investors but their DB Token ICO was actually not registered as a security.

PinkDate on the other hand anonymously operated around the world and they seek to raise more than $5 million via an ICO in tokens by guaranteeing a 50 percent of net profits through dividends in cryptocurrency. The PinkDate ICO has also not been registered.

As for the last two companies, one requires users to buy the native crypto Prismacoin and make a profit of up 30 percent and the other direct investors to send ETH to the company’s wallet and not through an exchange.

All of the companies are forbidden to continue working and could face charges for violation of the Colorado Securities Act.