Tagged: securities and exchange commission

December 8, 2018 @ 2:29 pm By Cali Haan  |  

Steven Peikin, Co-Director of the SEC’s Division of  Enforcement, told an audience at Harvard Law School this week that, given the increasingly cross-border nature of ICO and securities fundraising, “Collaboration with international regulators and law enforcement is critical to the SEC’s civil law enforcement success.”… Read More

December 8, 2018 @ 1:14 pm By Cali Haan  |  

The SEC has settled with CoinAlpha Advisors LLC, a Delaware-registered, California-based company the Commission says sold a cryptocurrency investment fund product without registering with the SEC or qualifying for a securities exemption. According to the cease-and-desist order issued Friday, December 7th, CoinAlpha Advisors formed in… Read More

December 8, 2018 @ 8:37 am By Cali Haan  |  

The US Securities and Exchange Commission (SEC) has granted itself an additional 60 days to consider allowing a rule change that would permit the Cboe BZX exchange and VanEck to list a “SolidX Bitcoin ETF” stock. In so doing, the commission will take the full… Read More

December 7, 2018 @ 12:34 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has just published the agenda for the 2018 Government-Business Forum on Small Business Capital Formation. An annual event, this year’s Forum will take place in the Heartland of Ohio hosted by Ohio State University, Max M. Fisher College of… Read More

December 5, 2018 @ 12:00 pm By Scott Schirick  |  

November was a busy month for the SEC’s burgeoning regulation of digital assets. In the first action of its kind, the Commission brought enforcement proceedings against the founder of digital asset trading platform EtherDelta for operating as an unregistered securities “exchange.” Ten days later, the… Read More

December 1, 2018 @ 11:00 am By Cali Haan  |  

Jared Rice Sr, the man behind AriseBank and the associated cryptocurrency/token, AriseCoin, has been indicted in the Northern District of Texas and, if convicted, faces a possible prison sentence of 120 years. Rice Sr was arrested by the FBI Wednesday and is charged with 3… Read More

November 30, 2018 @ 8:10 am By Cali Haan  |  

The Chairperson of the SEC, Jay Clayton, spoke about the regulation of cryptocurrencies Thursday evening with reporter and author Andrew Ross Sorkin at a “Times Talk” hosted by The New York Times. Sorkin began by stating that Clayton may have “the swing vote” regarding the… Read More

November 26, 2018 @ 10:46 am By JD Alois  |  

On November 16th, the Securities and Exchange Commission (SEC) announced its first enforcement actions against initial coin offerings (ICOs) that did not file for an appropriate securities exemption following the SEC’s DAO report. The SEC settled claims with both Paragon and AirFox with each ICO issuer… Read More

November 21, 2018 @ 5:56 am By Onki Kwan  |  

Last Friday, the SEC settled charges against two companies, CarrierEQ Inc. dba Airfox (“Airfox”) and Paragon Coin Inc. (“Paragon”), which raised money with initial coin offerings (“ICOs”).  The SEC found that both companies violated the registration provisions of the U.S. securities laws because neither company… Read More

November 21, 2018 @ 4:51 am By Cali Haan  |  

The CEO of Bakkt, Kelly Loeffler, has written in a blog post that her company, Bakkt, is delaying the much-anticipated release of its daily Bitcoin futures product and crypto custodial warehouse until January 24th, 2019, “…subject to regulatory approval.” “We’ll continue to update you on our progress… Read More

November 19, 2018 @ 8:00 am By JD Alois  |  

Last week, the Securities and Exchange Commission (SEC) announced enforcement actions against two initial coin offerings (ICOs): Paragon (Paragon Coin Inc.) and AirFox (CarrierEQ Inc. dba Airfox). As the SEC recounted in their Administrative filing: Airfox: “Between August and October 2017, AirFox offered and then… 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 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 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

October 28, 2018 @ 8:49 pm By JD Alois  |  

On Friday, the Securities and Exchange Commission of Thailand issued a warning to investors pertaining to nine different initial coin offerings (ICOs) / tokens. The Thai SEC stated these offerings, which are typically promoted via social media platforms such as Facebook, have not been reviewed… 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 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