Tagged: securities and exchange commission

August 5, 2019 @ 6:37 pm By JD Alois  |  

Securities and Exchange Commission Chairman Jay Clayton has booked an event for “Main Street investors” to be held in Chicago on Thursday, August 15. The event will come a day after the SEC’s annual Government-Business Forum on Small Business Capital Formation taking place in Omaha…. Read More

August 5, 2019 @ 2:04 pm By JD Alois  |  

The US Securities and Exchange Commission (SEC) is moving into blockchain technology, so it seems. According to a post on the Federal Business Opportunities website, the SEC is looking to acquire off the shelf technology to better monitor digital assets including compliance and risk and… Read More

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

July 29, 2019 @ 12:29 pm By JD Alois  |  

The Securities and Exchange Commission’s first Cyber Unit Chief, Robert Cohen, is leaving the SEC after 15 years at the federal regulator. The Cyber Unit was created in 2017 is it became apparent the SEC needed to focus greater attention on digital assets, more specifically… Read More

July 26, 2019 @ 10:22 am By JD Alois  |  

Following the Securities and Exchange Commission (SEC) no-action letter for their blockchain based “Quarters” tokens made for the game industry, Pocketful of Quarters (PoQ) has issued a statement on the decision. Pocketful of Quarters was the concept of 13-year-old founder & Chairman, George B. Weiksner…. Read More

July 26, 2019 @ 9:09 am By JD Alois  |  

On the same day DLXLaw sent a letter requesting “no-action” by the Securities and Exchange Commission (SEC) Enforcement Division, Pocketful of Quarters received a response from the SEC indicating its intent not to take any action against the blockchain-based platform. DLXLaw is a boutique law… Read More

July 9, 2019 @ 12:18 pm By JD Alois  |  

Yesterday, Allison Herren Lee was officially sworn in as an SEC Commissioner. Lee was nominated by President Trump and confirmed by the US Senate in June. Lee fills a term that expires on June 5, 2022. SEC Chairman Jay Clayton commented on Lee joining the… Read More

July 8, 2019 @ 3:40 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Division of Trading and Markets, has joined with the Financial Industry Regulatory Authority (FINRA) in issuing a statement regarding the custody of digital assets and broker-dealers. Custody of digital assets is a pressing concern for industry participants. Similar to… Read More

June 21, 2019 @ 8:33 am By JD Alois  |  

Allison Lee has been confirmed by the US Senate as a Commissioner at the Securities and Exchange Commission. Earlier this month, Lee testified in front of the Senate Banking Committee as part of the confirmation process. Lee has spent the bulk of her career at… Read More

June 20, 2019 @ 5:00 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has published a statutory report on Regulation Crowdfunding commonly referenced as Reg CF. The mandated report must be forwarded to Congress three years after Reg CF rules became effective (May 2016). Reg CF is the smallest of three federal… Read More

June 19, 2019 @ 10:50 am By JD Alois  |  

The Securities and Exchange Commission is seeking comments on the current securities exemption structure. In a release yesterday, the SEC asked the public to provide feedback on “ways to simplify, harmonize, and improve the exempt offering framework to expand investment opportunities while maintaining appropriate investor… Read More

June 11, 2019 @ 4:33 pm By JD Alois  |  

It has been widely known that Kik was engaged in a cage match with the Securities and Exchange Commission (SEC) ever since Kik went public regarding a Wells Notice submitted by the SEC. A Wells Notice informs an entity they may be the target of… Read More

June 4, 2019 @ 8:39 pm By JD Alois  |  

Kik’s Hail Mary Pass. As Crowdfund Insider reported earlier today, the Securities and Exchange Commission (SEC) has publicly revealed the allegations against Kik and the issuance of the Kin tokens. In 2017, Kik completed an initial coin offering (ICO) that raised a whopping $100 million… Read More

June 4, 2019 @ 2:16 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has publicly announced its lawsuit against Kik Interactive for conducting an illegal $100 million securities offering of “Kin” digital tokens in an initial coin offering (ICO). The legal action should come as no surprise to industry followers as Kik… Read More

June 3, 2019 @ 11:18 pm By JD Alois  |  

Last Friday, the Securities and Exchange Commission (SEC) held its first Fintech Forum in years. The topic of discussion was the regulation of digital assets and distributed ledger technology (DLT). The interaction between presenters and SEC staff provided a glimpse into the progress and struggle… Read More

June 3, 2019 @ 12:21 pm By JD Alois  |  

The Securities and Exchange Commission’s (SEC) strategic Fintech group known as FinHub has scheduled several open office hours for regional offices. SEC staff seeks to engage with Fintech communities across the US and expectations are for these “peer to peer” meetings to take place on… Read More

June 3, 2019 @ 10:14 am By JD Alois  |  

Last week, the BOX Exchange filed a proposed rule change with the Securities and Exchange Commission (SEC). BOX has partnered with tZero to trade digital assets, or security tokens, in a new entity called the Boston Security Token Exchange (BSTX). The filing is over 400… Read More

June 1, 2019 @ 10:35 am By JD Alois  |  

“We have a crypto family at the SEC.” Yesterday, the Security and Exchange Commission (SEC) held its first Fintech Forum in quite some time with the event focusing specifically on distributed ledger technology (DLT or blockchain) and digital assets. The new tech has challenged the… Read More

May 29, 2019 @ 5:00 pm By JD Alois  |  

Some time ago, I started a small collection of interesting bourbons. A trip to Frankfurt, Kentucky, and a visit to Buffalo Trace, helped to seal my interest. During the trip, I purchased several bottles of 20-year-old Pappy Van Winkel, which I consumed at my leisure… Read More

May 28, 2019 @ 10:32 pm By JD Alois  |  

Kik Interactive Inc., a company based in Canada, raised about $100 million selling Kin tokens in an initial coin offering (ICO) during the midst of the hot crypto issuance market in 2017. First sold to accredited investors in a SAFT, once the platform was functional,… Read More