Tagged: sec

November 19, 2018 @ 3:20 am By JD Alois  |  

Cannabis focused blockchain startup Paragon (Paragon Coin) has issued a press release following the Securities and Exchange Commission’s (SEC) announcement last week that Paragon had settled with the SEC regarding charges of issuing an unregistered security. Paragon was one of two ICOs that were deemed… Read More

November 16, 2018 @ 3:58 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) issued a rare statement on the issuance of digital assets that are securities. The statement comes following the release of two initial coin offering (ICO) enforcement actions for issuers that raised money after the SEC published the landmark DAO… Read More

November 16, 2018 @ 3:24 pm By JD Alois  |  

Earlier today, CI reported on the first enforcement actions taken by the Securities and Exchange Commission (SEC) pertaining to post-DAO initial coin offerings (ICOs). The case is precedent setting and sets a clear path for enforcement officials to proceed with other ICO issuers who raised… Read More

November 16, 2018 @ 3:13 pm By Cali Haan  |  

The first person to be prosecuted in the US for ICO (initial coin offering) fraud has pleaded guilty to misleading 1000 investors, Bloomberg reports. On Thursday, Maksim Zaslavskiy, 39, admitted in a Brooklyn federal courtroom that he collected money for two ICOs: RECoin and Diamond… Read More

November 16, 2018 @ 12:04 pm By Cali Haan  |  

This has been a big week for digital asset / ICO law in America. Yesterday, Maksim Zaslavskiy pleaded guilty to fraud in a federal court in Brooklyn for selling the digital tokens RECoin and Diamond Reserve Coin, tokens he falsely claimed were backed by real-world… Read More

November 12, 2018 @ 11:23 pm By JD Alois  |  

The Thailand Securities and Exchange Commission (SEC) is expected to approve the first initial coin offering (ICO) portal at some point this month, according to a report in the Bangkok Post. The approval follows a royal decree from last May that stipulated that the Thai… Read More

November 8, 2018 @ 3:27 pm By JD Alois  |  

Today, the first enforcement action was taken by the Securities and Exchange Commission (SEC) against a cryptocurrency exchange; EtherDelta. Prior to this, the SEC had only targeted issuers and promoters of crypto – largely for fraud and selling unregistered securities.  While the action against EtherData is… Read More

November 8, 2018 @ 11:10 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has settled charges against Zachary Coburn, the founder of EtherDelta, a cryptocurrency exchange. This is the SEC’s first enforcement action against a crypto exchange and marks a noted shift in the Commission’s dealing with secondary transactions of digital assets. The SEC… Read More

November 7, 2018 @ 10:17 am By JD Alois  |  

Recently, at the StartEngine Summit during LA Blockchain Week, CI had the chance to sit down with prominent securities attorney Linda Lerner. Lerner is Senior Counsel at Crowell Moring and a veteran lawyer with deep experience and expertise in securities issuance and regulation of stock exchanges…. Read More

November 5, 2018 @ 2:22 pm By JD Alois  |  

According to a report today, the Director of Corporate Finance, Securities and Exchange Commission (SEC), Bill Hinman, told an audience at DC Fintech Week that guidance will be forthcoming for cryptocurrency issuers. The report first picked up by CoinTelegraph, quoted Hinman: “We also will be… Read More

November 5, 2018 @ 8:02 am By JD Alois  |  

On Friday, the Securities and Exchange Commission (SEC), Division of Enforcement, issued their annual report updating on fiscal 2018 enforcement actions. According to the report, 2018 was a busy year as more than 821 enforcement actions occurred, representing a “diverse mix” of securities law transgressions…. Read More

October 31, 2018 @ 12:08 pm By JD Alois  |  

The SEC and the National Center for the Middle Market at The Ohio State University Max M. Fisher College of Business will host the SEC’s annual Government-Business Forum on Small Business Capital Formation. This annual forum provides a platform to highlight additional measures to improve… Read More

October 24, 2018 @ 1:00 pm By Matthew Sullivan  |  

The crypto community is chomping at the bit for the SEC to approve an ETF for Bitcoin, and rightly so. For the uninitiated, an ETF (exchange traded fund) is a common investment vehicle, an index fund which tracks various stock market indexes and trades like… Read More

October 23, 2018 @ 12:00 pm By JD Alois  |  

Initial Coin Offerings (ICOs) hit the popular media screen during 2017 with stories of outrageous sums of money being raised online – sometimes under questionable circumstances. In total, according to EY, $4.1 billion was raised for the top ICOs during 2017. In 2018, that number… Read More

October 23, 2018 @ 12:49 am By JD Alois  |  

Former Securities and Exchange Commission (SEC) Deputy Director of Trading and Markets Gary Goldsholle has joined the law firm Steptoe & Johnson as a partner – a law firm where he previously worked. Goldsholle spent almost four years at the SEC and was at the forefront of… Read More

October 22, 2018 @ 2:13 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has issued an order to suspend trading in shares of American Retail Group, Inc. which trade on OTC Markets (OTC:ARGB). Trading was said to be halted due to “statements about partnering with a claimed SEC-qualified custodian for use with… Read More

October 18, 2018 @ 3:42 pm By JD Alois  |  

The Securities and Exchange Commission has obtained final judgement against Richard J. Greenlaw, a founder of a medical marijuana company. According to the SEC, Greenlaw created 20 affiliated entities and then raised $500,000 from investors by using Craigslist – the popular online classified site. The twenty cannabis-related… Read More

October 18, 2018 @ 3:06 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has launched a new “FinHub” described as a strategic hub for innovation and financial technology or Fintech. According to the SEC, the FinHub will serve as a resource for public engagement on the SEC’s Fintech related issues and initiatives. These… Read More

October 18, 2018 @ 10:48 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled the annual Government-Business Forum on Small Business Capital Formation for this coming December and this year they are taking the event to the Buckeye state. The SEC announced today the Forum will be held at the Ohio State… Read More

October 16, 2018 @ 9:46 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) issued temporary rules for companies that issued securities under Regulation Crowdfunding (Reg CF) and Regulation A (Reg A+). The rules provide relief for victims of Hurricane Michael. The “interim final temporary rule”  extends the deadline for issuers subject to… Read More