Cryptocurrency Firms and Legacy Financial Institutions Worldwide Make Crypto Moves - Two cryptocurrency firms filed applications this week with the Office of the Comptroller of the Currency to become federally regulated banks...more
12/14/2020
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Digital Currency ,
Financial Institutions ,
Popular ,
Securities Fraud ,
Tax Evasion ,
Token Sales ,
Virtual Currency ,
White Collar Crimes
Crypto-Focused Bank Approved in Wyoming, Initiatives Advance in Foreign Markets - Former Wyoming regulator Caitlin Long, now the CEO of a payments processing company, recently announced that her company has received approval...more
On April 30, 2020, a federal court in San Francisco preliminarily approved a $25 million class action settlement against the Swiss-based Tezos Foundation, its Californian founders, and other domestic and foreign firms...more
Digital Asset Marketplaces Evolve in US, Japan and Switzerland - The Public Private Execution Network (PPEX), an alternative trading system (ATS) that supports transactions in exempt digital asset securities, recently...more
Blockchain GS1 Standards Published, Supply Chain Pilots Announced Across Industries -
Earlier this week, one of the world’s largest automobile manufacturers announced it will begin using blockchain to promote supply chain...more
Ethereum Fork Implemented, Exchanges Expand Services, New Bitcoin Network Data -
The Ethereum network’s Istanbul hard fork went forward late last week with the support of node operators, miners and cryptocurrency exchanges. ...more
12/16/2019
/ Anti-Money Laundering ,
Bitcoin ,
Blockchain ,
Cryptoassets ,
Cryptocurrency ,
Digital Currency ,
Enforcement Actions ,
Fraud ,
Initial Coin Offering (ICOs) ,
NYDFS ,
Ponzi Scheme ,
Popular ,
Virtual Currency
Blockchain Developments in Interbank Settlement, Capital Markets, Cryptocurrency Payments -
According to reports this week, a major German bank has joined the emerging payments initiative, built on the Quorum blockchain, of...more
Established Firms Implement Cryptocurrency Payments, Blockchain Tracking and Data Management Systems - Late last week, a major multinational telecommunications conglomerate announced it is the first major mobile carrier to...more
Academics Detect Manipulation on ‘DEXes’ as Cryptocurrency Trading Expands - A recent academic paper by researchers at Cornell Tech and other academic institutions describes rampant trading manipulation on decentralized...more
4/19/2019
/ Bank Secrecy Act ,
Blockchain ,
Criminal Convictions ,
Cryptocurrency ,
FinCEN ,
Food Supply ,
Malware ,
Money Laundering ,
Popular ,
Supply Chain ,
Virtual Currency
New Cryptocurrencies Announced, Difficulties Integrating Crypto With Banks Persist -
According to recent reports, a leading social media network and a global messaging firm will each launch their own cryptocurrency over the...more
Blockchain Transport Applications, Public Sector Initiatives, Protocol and Market Developments - Transportation, oil and gas industry players have put the pedal to the metal to push blockchain pilots....more
New BitLicense Approval, Stablecoin Developments and BAT on Coinbase - The New York Department of Financial Services (DFS) has granted New York Digital Investment Group (NYDIG) Execution LLC the 14th BitLicense in the state. ...more
U.S. and International Governments Address Smart Ports, Smart Cities, and Cryptocurrencies - According to reports, in an Oct. 3 meeting, representatives of U.S. Customs and Border Protection (CBP) claimed that the agency is...more
In this issue: -
- New Solutions Seek to Bring Cryptocurrencies Closer to Mainstream
- Blockchain Developments for Shipping, Food, Pharmaceuticals and Diamonds
- Cryprocurrency Scams and Enforcement Actions...more
8/13/2018
/ Bitcoin ,
Blockchain ,
Class Action ,
Cryptocurrency ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Initial Coin Offering (ICOs) ,
Motion to Dismiss ,
Popular ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Unregistered Securities ,
Virtual Currency
These days it seems that everybody is considering getting into the distributed ledger technology business causing the United States Securities and Exchange Commission (“SEC”) and the securities plaintiffs’ bar to take notice....more
Welcome to the 2016 Year-End Report from the BakerHostetler Securities Litigation and Regulatory Enforcement Practice Team.
The purpose of this Report is to provide a periodic survey, apart from our team Executive...more
2/1/2017
/ Broker-Dealer ,
CFTC ,
Commodities ,
Conflicts of Interest ,
Dodd-Frank ,
Employee Retirement Income Security Act (ERISA) ,
Enforcement Actions ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Institutions ,
Financial Markets ,
Foreign Corrupt Practices Act (FCPA) ,
Futures ,
Hedge Funds ,
Insider Trading ,
Investment Adviser ,
Popular ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
SLUSA ,
Whistleblower Awards ,
Whistleblower Protection Policies ,
Whistleblowers
This is the third year we are providing our annual Top Ten list of Enforcement Highlights. This time, it occurs towards the end of the tenure of SEC Chair Mary Jo White. Sullivan & Cromwell corporate securities and capital...more
Welcome to the 2016 Mid-Year Report From the BakerHostetler Securities Litigation and Regulatory Enforcement Practice Team.
The purpose is to provide a periodic survey, apart from our team Executive Alerts, on matters...more
8/2/2016
/ Bebo v SEC ,
Corporate Counsel ,
Dirks v SEC ,
Enforcement Actions ,
Exclusive Jurisdiction ,
Food and Drug Administration (FDA) ,
Merrill Lynch v Manning ,
Popular ,
PSLRA ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Litigation ,
SLUSA ,
Young Lawyers
Imagine you are a former executive of a public company, where your role was unrelated to the preparation of its financial statements, and you are notified years after leaving the company that it will be pursuing the return of...more
Welcome to the 2015 Mid-Year Report from the BakerHostetler Securities Litigation and Regulatory Enforcement Practice Team. The purpose is to provide a periodic survey, apart from our team Executive Alerts, on matters we...more
8/5/2015
/ 401k ,
Administrative Procedure Act ,
Bank of New York (BNY) Mellon ,
Broker-Dealer ,
CFTC ,
Commodities ,
Commodity Exchange Act (CEA) ,
Conflicts of Interest ,
Cybersecurity ,
Department of Justice (DOJ) ,
Dodd-Frank ,
Duty to Monitor ,
Employee Retirement Income Security Act (ERISA) ,
Enforcement Actions ,
False Statements ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Institutions ,
Financial Markets ,
Form 10-Q ,
Futures ,
Hedge Funds ,
Insider Trading ,
Interest Rates ,
Investment Adviser ,
KBR (formerly Kellogg Brown & Root) ,
Libor ,
Loss Causation ,
Merrill Lynch ,
Omnicare v Laborers District Council ,
OMWI ,
Pensions ,
Perez v Mortage Bankers Assoc ,
Popular ,
Registration Statement ,
Regulation SHO ,
RICO ,
RMBS ,
Scienter ,
SCOTUS ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Litigation ,
SLUSA ,
Stocks ,
Tibble v Edison Int ,
Tippees ,
UK ,
US v Newman ,
Whistleblowers
As many of you know, last April the SEC issued the Cybersecurity Examination Initiative to assess the cybersecurity practices and preparedness of registered broker-dealers and investment advisers. The initiative arose from an...more