Security Exchange Commission Introduces HoweyCoins

The Security Exchange Commission of the U.S has launched a mock website called, which looks like a real cryptocurrency site, but is meant to act as a reminder to consumers not to be allured by mere marketing.
Yaron Mazor
Security Exchange Commission Introduces HoweyCoins

The SEC has been increasing their regulatory capabilities on digital assets, and part of their task is to remind the public to use due diligence before diving in headfirst into cryptos and Initial Coin Offerings. Caveat Emptor – buyer beware is the resounding message.

Suggested Articles

The site uses a mock ‘white paper’, endorsements from pretending celebrities and special offers which tell people by getting in now they will receive a buyer’s discount. And while the SEC makes a solid point and warning to speculators in the cryptocurrency world who may be enticed by the website and its ‘scheme’. It will be interesting to watch the reaction from the cryptocurrency community which has a tendency to react to ‘cynics’ with countermeasures.

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

Don't miss a thing!

Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Top Promotions

Top Brokers