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SEC

U.S. v. Zaslavskiy: DOJ and SEC Coordination in Enforcing the Securities Laws over Token Sales

Blockchain  •  Cryptocurrency  •  DOJ  •  Enforcement Actions  •  Initial Coin Offerings  •  Litigation  •  SEC  •  Token Sales/ICOs
In the fall of 2017, the United States Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) each filed actions against Maksim Zaslavskiy for securities fraud in connection with two token offerings, through […]

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SEC Exams To Focus On ICOs And Cryptocurrency

Bitcoin  •  Blockchain  •  Broker-Dealer  •  Cryptocurrency  •  Digital Currency  •  FINRA  •  Initial Coin Offerings  •  Regulatory Action  •  SEC  •  Token Sales/ICOs  •  Virtual Currency
On February 7, 2018, the SEC’s Office of Compliance Inspections and Examinations (OCIE) announced its 2018 Examination Priorities.  In what comes as no surprise, the exam priorities include initial coin offerings (ICOs) and cryptocurrency, stating […]

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SEC and CFTC Enforcement Directors Issue Joint Statement Regarding Virtual Currency Enforcement Actions

Bitcoin  •  Blockchain  •  CFTC  •  Cryptocurrency  •  Digital Currency  •  Enforcement Actions  •  Initial Coin Offerings  •  SEC  •  Token Sales/ICOs  •  Virtual Currency
On January 19, 2018, SEC Co-Enforcement Directors Stephanie Avakian and Steven Peikin and CFTC Enforcement Director James McDonald issued the following joint statement regarding virtual currency enforcement actions: “When market participants engage in fraud under […]

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Massachusetts Securities Regulator Announces “Aggressive Policing” of Cryptocurrency Firms

Cryptocurrency  •  Enforcement Actions  •  Initial Coin Offerings  •  SEC  •  State Law
On December 15, 2017, Massachusetts Secretary of State William Galvin announced that his office’s Securities Division (“MSD”) would begin “aggressive policing” of cryptocurrency sales in Massachusetts.  The MSD regulates the offering and sale of securities […]

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SEC Issues Warning Regarding Celebrity-Promoted Coin Offerings and Moves Swiftly Against Unregistered ICOs

Initial Coin Offerings  •  Regulatory Action  •  SEC
The Securities and Exchange Commission (SEC) recently issued two warnings about investments sold on the basis of celebrity endorsements, including one relating to initial coin offerings (ICOs), and followed up with enforcement actions against unregistered […]

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ICO Participant Liability – Could you be Liable for Assisting in the Sale of Unregistered Securities?

Digital Currency  •  Enforcement Actions  •  Initial Coin Offerings  •  SEC  •  Tax  •  Token Sales/ICOs  •  Uncategorized
As published in Bloomberg BNA’s Securities Regulation & Law Report, December 18, 2017 An initial coin offering (“ICO”) does not happen on its own. Rather, there are companies and individuals that assist in successful token […]

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