Tagged: charles kaufman

August 4, 2019 @ 9:00 pm By Charles S. Kaufman, Michael B. Saryan, and Jor Law  |  

Raising capital by issuing tokens that rely on distributed ledger or blockchain technology has been clouded by regulatory uncertainty since the practice emerged during the initial coin offering or “ICO” boom. As entrepreneurs seek to use blockchain technology to build new networks and tokens, this… Read More

December 3, 2018 @ 9:05 am By Charles Kaufman & Jor Law  |  

Those who have read the SEC settlements with AirFox (CarrierEQ.Inc.) and Paragon Coin, Inc. published on November 16, 2018, will note that the defendant ICO issuers agreed, among other things, to register their “coins” under the Exchange Act (the Securities Exchange Act of 1934) by filing… Read More

January 11, 2018 @ 12:25 am By Charles Kaufman  |  

Some may have missed a distinctive feature of the recently filed class action lawsuit against Bitcoin mining company Giga Watt, Inc.: it is not a fraud suit. It is a suit for rescission (return of invested funds, with interest) based on the company’s having failed… Read More

August 19, 2015 @ 5:00 pm By Charles Kaufman and Jor Law  |  

If your company has decided to take advantage of the new avenues for reaching investors under Regulation A, the biggest task you face will be preparing an offering statement that includes mandatory disclosures about the offering and the offeror, and obtaining Securities and Exchange Commission… Read More

March 13, 2015 @ 12:53 pm By Charles Kaufman and Jor Law  |  

This the second part, of a two part series, reviewing Bad Actors in private placements.  The first article may be viewed here. The Securities and Exchange Commission (SEC) issued new Rule 506(d) in 2013, a rule that bars felons and other specified “bad actors” from… Read More