Tagged: sec

July 10, 2018 @ 11:12 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has obtained final judgments against attorney T.J. Jesky and his law firm’s business affairs manager, Mark F. DeStefano pertaining to the illegal sales of Ubi Blockchain stock. Both Jesky and DeStefano profited from sales in the stock. UBIA is a… Read More

July 2, 2018 @ 8:16 am By Anthony Zeoli  |  

Through a triad of recent releases/interviews, the SEC has further clarified how it views the offering and sale of crypto assets. These guidance materials provide some really good insight on the SEC’s thinking with respect to its treatment of crypto assets; including some bright line… Read More

June 28, 2018 @ 6:22 pm By Dror Futter  |  

In June 14 comments before the “Yahoo Finance All Markets Summit: Crypto,” William Hinman, Director of the SEC’s Division of Corporate Finance, stated: ETHER is not a security Decentralization and means of promotion are key to determining whether a token is a security. A digital… Read More

June 28, 2018 @ 11:45 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has voted to adopt amendments to the “smaller reporting company” (SRC) definition. This change is designed to expand the number of companies that qualify for certain scaled disclosure accommodations thus making it easier (and perhaps less expensive) to comply… Read More

June 27, 2018 @ 11:22 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has issues an “Order of Suspension of Trading” for Evolution Blockchain Group, Inc. The firm was trading on OTC Link, previously labeled pink sheets.  Evolution Blockchain is a Nevada corporation trading under the ticker symbol EVBC. The SEC cited; “(1)… Read More

June 24, 2018 @ 5:00 pm By JD Alois  |  

Earlier this month, the crypto markets quivered with repressed joy and moved higher when Securities and Exchange Commission (SEC) Director of Corporate Finance, William Hinman, declared that Ethereum is not a security. ETH advocates breathed a sigh of relief. Hinman stated; “And putting aside the… Read More

June 22, 2018 @ 2:27 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled an open meeting where the Commission will consider the adoption of multiple rule changes. The Commission is considering the adoption of the following issues: whether to adopt amendments to the definition of “smaller reporting company” and other… Read More

June 20, 2018 @ 6:20 pm By Cali Haan  |  

“I don’t really see Ethereum’s pre-sale being an ICO.” And thus begins one of the latest videos posted by widely-respected cryptocurrency commentator, writer and technologist Andreas Antonopoulos on his YouTube site. Ether was issued as a genuine utility token, Antonopoulos believes,  and not as a… Read More

June 20, 2018 @ 11:13 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has received an additional emergency court order freezing the assets of Dominic Lacroix. The freeze is part of an ongoing enforcement action that stems from some time ago. The SEC had previously sued for securities fraud and had obtained… Read More

June 20, 2018 @ 7:59 am By Cali Haan  |  

The president of the Chicago Board Options Exchange (Cboe), the first US company to sell futures contracts on Bitcoin, has warned that “two waves of reckoning” will come down on issuers and then holders of ICOs (initial coin offerings) in the US, Business Insider reports…. Read More

June 19, 2018 @ 11:26 am By JD Alois  |  

tZERO and BOX Digital Markets LLC, have signed a joint venture (JV) that is expected to enable the two companies to launch the world’s first security token exchange. tZero said the JV will now seek approval from the US Securities and Exchange Commission (SEC). The… Read More

June 15, 2018 @ 8:15 pm By Samantha Hurst  |  

On Friday, Canadian fintech Mogo Finance Technology announced it has obtained a receipt for a final short form base shelf prospectus further to its filing of a preliminary short form base shelf prospectus, previously announced on April 16th. According to the startup, both documents have been… Read More

June 14, 2018 @ 8:10 pm By JD Alois  |  

Ethereum rose dramatically today following the comments of William Hinman, Director of the Division of Corporate Finance at the Securities and Exchange Commission (SEC), who inserted a statement in a speech today that ended the question of Ethereum being a security. Hinman told an audience… Read More

June 14, 2018 @ 1:10 pm By JD Alois  |  

Ethereum Not a Security Speaking at the Yahoo Finance conference in San Francisco today, Securities and Exchange Commission (SEC) Director of Corporate Finance William Hinman tackled the topic of morphing initial coin offerings (ICOs) and whether an ICO could start life as a security and… Read More

June 11, 2018 @ 6:00 pm By Cali Haan  |  

Brett Redfearn, the Director of the Division of Trading and Markets at the SEC has criticized crypto producers and exchanges for failing to voluntarily register and report their activities to the SEC. “We’re underwhelmed by the enthusiasm for coming within the regulatory structure right now,”… Read More

June 8, 2018 @ 11:44 am By JD Alois  |  

Yesterday, the Securities and Exchange Commission, Division of Enforcement, posted an update on the Titanium Blockchain enforcement action that reviewed the preliminary injunction filed against the firm. A quick review of the update indicated little new pertaining to the SEC’s move to shut down the… Read More

June 6, 2018 @ 2:50 pm By JD Alois  |  

VanEck, a New York based asset manager, has announced it will partner with SolidX to list a “physically-backed bitcoin ETF” (exchange traded fund). The proposed ETF will be insured against loss or theft of bitcoin. VanEck was first to file for a 40-Act Bitcoin ETF… Read More

June 5, 2018 @ 12:37 pm By JD Alois  |  

How times have changed. Ripple Labs, creators of the third largest cryptocurrency (CRP) by market cap following only Bitcoin and Ethereum, have hired two well known big legal guns to defend their case in the California Courts. Ripple has hired former SEC Chair Mary Jo… Read More

June 4, 2018 @ 6:51 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has appointed Valerie A. Szczepanik as the Associate Director of the Division of Corporation Finance and Senior Advisor for Digital Assets and Innovation. This is a newly created position and highlights the growing recognition by the Commission that digital… Read More

June 4, 2018 @ 4:52 pm By JD Alois  |  

CFTC Chair J. Christopher Giancarlo and SEC Chair Jay Clayton will be visiting Capitol Hill together once again to testify before a Senate Subcommittee. This time, Clayton and Giancarlo will be testifying before the Senate Committee On Appropriations Subcommittee on Budget Requests, tomorrow (June 5, 2018)… Read More