For the past few months, issuers of token sales or “initial coin offerings” (ICOs) have known that they were, to some extent, sailing in unchartered waters. Those waters have just gotten a bit murkier with an announcement by...more
9/8/2017
/ Bitcoin ,
Blockchain ,
Canadian Securities Administration ,
Capital Raising ,
China ,
Cryptocurrency ,
Digital Currency ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Fraud ,
Global Market ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Illegal Activity ,
Initial Coin Offering (ICOs) ,
Investment Contract ,
Popular ,
Public Financing ,
Pyramid Schemes ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Startups ,
Token Sales
On June 1, 2016, the Securities and Exchange Commission (the "SEC") accepted a settlement offer from a registered investment adviser of private equity funds, and its founder, principal and managing member. The settlement...more
6/17/2016
/ Broker-Dealer ,
Civil Monetary Penalty ,
Disgorgement ,
Enforcement Actions ,
Fraud ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Portfolio Companies ,
Private Equity Funds ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Transaction-Based Compensation ,
Unregistered Brokers