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While Lodi Coins claimed to be issuing utility tokens, the SEC maintains that investors expected profits from the actions of the company, making it a security.
SEC: Do not invest in Lodi Coins By JAMES A. LOYOLA The Securities and Exchange Commission (SEC) is advising the public against investing in Lodi Coins, a supposed virtual currency being offered on social media without the necessary licenses from regulators. In an advisory, the Commission flag