Colorado securities commissioner tells cryptocurrency companies to halt sales of their c…

The Colorado Division of Securities has sent two companies advertising cryptocurrency sales cease and desist orders because they have not registered their coins as securities in the state and may be fraudulent, according to regulators.

Davor and Cyber Capital Investment are the latest cryptocurrency companies to draw attention from state securities commissioner Gerald Rome after members of his staff assigned to a special task force identified their initial coin offerings — or ICOs — as potential fraud risks, according to a news release.

Davor’s DavorCoin is being marketed as a competitor to name-brand digital currencies like Bitcoin and Ethereum. Potential investors in the initial offering have been promised returns as high as 10 percent per month, according to the state.

Cyber Capital Invest’s CCI Tokens are being advertised as “profit share” coins with guaranteed daily returns as a high as 2 percent.