Submission + - Bitcoin Securities Issuer Settles with SEC (thedrinkingrecord.com)
MrBingoBoingo writes: The United States Securities and Exchange Commission has extracted a Settlement from Erik Voorhees that consists of $15,843.98 in profits and a penalty of $35,000 for the high crime of having been involved in financing two offerings with Bitcoin. If you read the Security and Exchange Commission's actual filing you can see that all of the fines and settlements relate to FeedZeBirds with any actions relating to S.DICE on MPEx consisting of a strong finger wag and stern look. With the light assessment in this case, it seems that the SEC's ability to act in mature Bitcoin markets like MPEx may be limited unless they work to build cooperative relationships with those markets.