Us investment firm the Capital Group, under which the assets are located at $1.7 billion, has banned its employees and immediate family members residing with them, to participate in ICO. This is stated in internal policy, filed by the company with the Commission on securities and exchange Commission (SEC).
These persons are also allowed to participate in the IPO, however, this rule under certain circumstances can be made the exception. However, in relation to the ICO the company’s policy does not provide any other assumptions.
We will remind that in February of this year, the us Commission on commodity futures trading (CFTC) in response to “numerous requests for clarification” allowed its employees to invest in crypto-currencies for personal purposes on the condition that they will not buy them on margin or use insider information obtained in the workplace. However, to invest in bitcoin futures, the Commission staff is prohibited.