With the past year marked by a number of enforcement actions and investigations by the U.S. Securities and Exchange Commission (SEC) and other regulators against major actors in the digital assets space. This webinar will...more
8/14/2024
/ Continuing Legal Education ,
Digital Assets ,
Enforcement Actions ,
Financial Services Industry ,
FinTech ,
Investigations ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations ,
Technology Sector ,
Webinars ,
Wells Notice
The SEC’s so-called “gag rule” — which prevents a defendant settling with the SEC from denying the SEC’s allegations — has recently come under fire. Recently the Fifth Circuit heard oral arguments in the SEC v. Novinger case...more
Join us for the next edition of FinTech University as we focus on FinTech, SEC, and OFAC investigations. This webinar will examine how the U.S. Securities and Exchange Commission (SEC) and Office of Foreign Assets Control...more
9/6/2023
/ Continuing Legal Education ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Investigations ,
Office of Foreign Assets Control (OFAC) ,
Sanction Violations ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Technology Sector ,
Webinars
In his famous 2018 speech, William Hinman, Digital Asset Transactions: When Howey Met Gary (Plastic), the Director of the U.S. Securities and Exchange Commission (“SEC”), asked...more
4/4/2023
/ Bitcoin ,
Cryptocurrency ,
Digital Currency ,
Enforcement Actions ,
Ethereum ,
Financial Instruments ,
Initial Coin Offering (ICOs) ,
Investment ,
Offerings ,
Popular ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
State Attorneys General ,
Token Sales ,
Unregistered Securities
NBA Hall of Famer Paul Pierce, known by basketball fans as “The Truth,” has run afoul of the SEC. No, not that SEC—Pierce played college basketball at Kansas in the Big 12. No, this would be the U.S. Securities and Exchange...more
3/20/2023
/ Athletes ,
Celebrity Endorsements ,
Cryptoassets ,
Cryptocurrency ,
Endorsements ,
Enforcement Actions ,
Failure To Disclose ,
False Statements ,
Misleading Statements ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations ,
Settlement Agreements ,
Token Sales ,
Unregistered Securities
In a case watched by companies that offered and sold digital assets Federal District Court Judge Paul Barbadoro recently granted summary judgment for the Securities and Exchange Commission (“SEC”) against LBRY, Inc. This case...more
Take one look at your phone and count how many different message apps you have. WhatsApp, Facebook Messenger, Snapchat, Telegram, Signal, iMessage. Those are just some of the most popular messaging applications available...more
10/17/2022
/ Broker-Dealer ,
Electronic Communications ,
Employer Liability Issues ,
Financial Services Industry ,
Instant Messaging Apps ,
Investment ,
Investment Adviser ,
Investment Funds ,
Recordkeeping Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations
In a recent speech,2 Gensler quoted the first Chairman of the SEC, Joseph Kennedy3 who noted: “No honest business need fear the SEC.”4 Unfortunately, Gensler failed to note that as the SEC often explains, whether a party has...more
In a recent speech, SEC Chairman Gary Gensler quoted the first chairman of the SEC, Joseph Kennedy, who noted, “No honest business need fear the SEC.” Unfortunately, Gensler failed to note that as the SEC often explains,...more
9/22/2022
/ Criminal Prosecution ,
Digital Assets ,
FCPA Corporate Enforcement Policy (CEP) ,
Gary Gensler ,
Investment ,
Investors ,
Publicly-Traded Companies ,
Regulatory Oversight ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Transactions ,
Stablecoins
As the U.S. Securities and Exchange Commission (“SEC”) continues to step up its enforcement concerning cryptocurrencies, U.S.-based exchanges should take note when conducting due diligence concerning tokens to list for...more
5/24/2022
/ Cryptocurrency ,
Digital Currency ,
Due Diligence ,
Enforcement Actions ,
Enforcement Priorities ,
Financial Fraud ,
Financial Transactions ,
Initial Coin Offering (ICOs) ,
Investment Fraud ,
Securities and Exchange Commission (SEC) ,
Token Sales
As recently discussed in FinTech Nostradamus, the SEC recently doubled the size of its Crypto Assets and Cyber Unit. Since its inception in 2017, the SEC’s Crypto Assets and Cyber Unit has launched more than 80 investigations...more
5/12/2022
/ Bitcoin Mining ,
Blockchain ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Currency ,
Enforcement Priorities ,
Ether ,
FinTech ,
Non-Fungible Tokens (NFTs) ,
NVIDIA ,
Regulatory Agenda ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Stablecoins
The SEC announced on May 3, 2022 that 20 additional positions will be allocated to the Crypto Assets and Cyber Unit within the Division of Enforcement. This increase in resources will nearly double the size of the unit (now...more
On March 4, 2022, U.S. Securities and Exchange Commissioner Allison Herren Lee, in remarks before the Practicing Law Institute, called on federal regulators to work to issue rules adopting standards of professional conduct...more
Securities and Exchange Commissioner (“SEC”) Allison Herren Lee, in remarks before the Practicing Law Institute, recently called on federal regulators to adopt standards of professional conduct for attorneys practicing before...more
The SEC announced today that it reached a settlement with Poloniex, LLC (“Poloniex”), in connection with the SEC’s inquiry that began back in December 2017 into whether Poloniex operated an exchange under federal securities...more
Securities and Exchange Commission (“SEC”) Chairman Gary Gensler received a letter last week seeking clarification on the SEC’s authority to regulate cryptocurrency exchanges from Senator Elizabeth Warren, chair of the Senate...more
Five plaintiffs recently voluntarily dismissed their putative securities class action lawsuits one year after sending shock waves through the crypto world when they filed eleven alleged class action lawsuits against...more
The U.S. Securities and Exchange Commission (“SEC”) entered an order on Dec. 15, 2020 with Wireline, Inc., related to the company’s unregistered offering of securities using a simple agreement for future tokens (“SAFT”). ...more