Commission United States securities and exchange Commission (SEC) denied the request on provision of information on ICO project Tezos, citing an exception is usually applied in case law enforcement agencies conducting investigation on the request object.
Rejection letter to provide information was sent to counsel, David Silver from the law firm SilverMiller and dated the 6th February, in response to the request citing Freedom of Information Act (FOIA), which he sent at the beginning of the month. Silver represents several of the plaintiffs at the trial, initiated in November.
According to a copy of the letter, the regulator of US securities refused to provide “information about Tezos” with reference to exception 7(A), which allows for an exception in case if the object under investigations.
In the letter, however, does not indicate that Tezos is the object of investigation SEC.
This exception allows us to disclose information collected for investigative purposes and the disclosure of which could interfere with the investigation. As the exclusion 7(A) currently allows you not to provide information, we reserve the right not to apply other possible exceptions that may be required when exemption 7(A) will no longer apply.
Lawyer silver believes such a response is proof that the SEC is actively investigating this ICO project:
In accordance with the fact that James Clayton said at the hearings in the Senate this week, I’m glad the SEC is investigating the activities of Tezos, because of this, many investors finally realize that kind of project.
Silver also represents defendants in several other cases related to cryptocurrency projects, in particular in the case of cryptocurrency exchange Cryptsy and the company Giga Watt.
Representatives Tezos has not commented on this information.