On May 16, 2024, the Securities and Exchange Commission (SEC) adopted final amendments to Regulation S-P, one year after issuing the proposed amendments (discussed here). Regulation S-P is a set of privacy rules that govern...more
On March 15, 2023, the Securities and Exchange Commission (SEC) proposed three rule changes that demonstrate its continued focus on cybersecurity. One of these proposals, and the only one to be unanimously approved (the...more
Amid concerns that many investors may not fully understand the risks associated with virtual currencies, or the limits of regulatory oversight, the National Futures Association (NFA) recently issued an interpretive notice...more
9/5/2018
/ Bitcoin ,
Commodities ,
Commodity Trading Advisors (CTAs) ,
CPOs ,
Cryptocurrency ,
Currency Exchange ,
Cybersecurity ,
Digital Currency ,
Disclosure Requirements ,
Financial Markets ,
Futures ,
Futures Commission Merchants (FCMs) ,
Interpretive Rule ,
Introducing Brokers ,
Investment Products ,
Investor Protection ,
National Futures Association ,
NFA ,
Popular ,
Regulatory Oversight ,
Regulatory Requirements ,
Virtual Currency
After a surge in popularity and an increased interest from regulators, virtual currencies — also known as cryptocurrencies — have entered into a new phase in their relatively short history, with an increase in class actions...more
8/3/2018
/ Bitcoin ,
Blockchain ,
Class Action ,
Cryptocurrency ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
False Advertising ,
Initial Coin Offering (ICOs) ,
Investors ,
Material Misrepresentation ,
Offerings ,
Popular ,
Securities Fraud ,
Securities Violations ,
Token Sales ,
Unfair Competition ,
Unregistered Securities ,
Virtual Currency
Both the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) recently released their respective 2018 examination priorities, providing a glimpse into their plans for the year to...more
3/2/2018
/ Anti-Money Laundering ,
Capital Raising ,
Cryptocurrency ,
Customer Due Diligence (CDD) ,
Digital Currency ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Markets ,
Initial Coin Offering (ICOs) ,
Investment Funds ,
OCIE ,
Popular ,
Regulatory Agenda ,
Regulatory Oversight ,
SEC Examination Priorities ,
Secondary Markets ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Virtual Currency
One week after filing a fraud suit against the organizer of the PlexCoin token sale, the SEC issued an enforcement order in connection with a token offering by Munchee and a public statement that shed some additional light on...more
2/8/2018
/ Blockchain ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Enforcement Actions ,
Financial Markets ,
Initial Coin Offering (ICOs) ,
Popular ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Token Sales ,
Unregistered Securities ,
Virtual Currency
After lingering on the periphery of financial markets for the past several years, cryptocurrency has finally started to move into the mainstream. While the explosion in Bitcoin’s value dominated the news headlines,...more
1/2/2018
/ Bitcoin ,
Blockchain ,
CBOE ,
Chicago Mercantile Exchange (CME) ,
Cryptocurrency ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Initial Coin Offering (ICOs) ,
Popular ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
The effect of Bitcoin on securities markets and enhanced measures related to retail investors were the focus at the October meeting of the Securities and Exchange Commission’s (SEC) Investor Advisory Committee (Committee)....more
12/5/2017
/ Blockchain ,
Disclosure Requirements ,
Distributed Ledger Technology (DLT) ,
Financial Markets ,
Fixing America’s Surface Transportation Act (FAST Act) ,
Investment ,
Investment Funds ,
Popular ,
Regulation S-K ,
Regulatory Oversight ,
Retail Investors ,
Securities and Exchange Commission (SEC)