PANews, December 17 news, according to (Fortune) reports, the U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to the cryptocurrency investment company Unicoin, accusing it of fraud, misconduct, and the sale of unregistered securities. Unicoin's main product is a cryptocurrency backed by tangible assets such as real estate. The SEC's action aims to halt its planned initial coin offering (ICO). Unicoin stated that it will engage in legal battles with the SEC.