The Attorney General’s Cyber-Digital Task Force (Task Force) issued a report on October 8, 2020, which outlines the Task Force’s proposed Cryptocurrency Enforcement Framework (Framework). The comprehensive Framework—which...more
Key Takeaways -
As stocks surge in reaction to news about COVID-19-related products and solutions, the SEC is actively working to protect investors from misleading statements, fraud, and even investment scams relating to the...more
7/13/2020
/ Biotechnology ,
Coronavirus/COVID-19 ,
Disclosure Requirements ,
Enforcement Actions ,
Investor Protection ,
Life Sciences ,
Material Misstatements ,
Popular ,
Risk Assessment ,
Risk Mitigation ,
Scams ,
Securities and Exchange Commission (SEC) ,
Vaccinations
Through the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), the federal government has passed an emergency stimulus package that will result in an unprecedented US$2 trillion infusion into the private and...more
4/27/2020
/ CARES Act ,
Civil Monetary Penalty ,
Compliance ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
Enforcement Actions ,
False Claims Act (FCA) ,
Federal Loans ,
FEMA ,
Financial Stimulus ,
Government Investigations ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Small Business Loans ,
State of Emergency
On Friday, March 27, President Donald J. Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). Along with substantial economic relief, the CARES Act establishes a new Office of the...more
4/2/2020
/ Anti-Corruption ,
Audits ,
CARES Act ,
Congressional Oversight ,
Coronavirus/COVID-19 ,
Criminal Prosecution ,
Enforcement Actions ,
False Claims Act (FCA) ,
Fraud Abuse and Waste ,
Government Investigations ,
Inspector General ,
SIGPR ,
TARP
Over the past two years, prices for cryptocurrencies and other digital assets have experienced extreme gains and declines, while billions of dollars have been raised through Initial Coin Offerings (“ICOs”). In this dynamic...more
2/1/2019
/ Anti-Money Laundering ,
Blockchain ,
CFTC ,
Civil Monetary Penalty ,
Commodities ,
Criminal Investigations ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Disgorgement ,
Distributed Ledger Technology (DLT) ,
Enforcement Actions ,
Entrepreneurs ,
Financial Regulatory Agencies ,
FinCEN ,
FinHub ,
Fraud ,
Initial Coin Offering (ICOs) ,
Investors ,
Misleading Statements ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Risk Management ,
Risk Mitigation ,
Sanction Violations ,
SDN List ,
Securities and Exchange Commission (SEC) ,
Securities Tokens ,
Startups ,
State Regulators ,
Token Sales ,
U.S. Treasury ,
Unregistered Securities ,
Utility Tokens
The United States Court of Appeals for the Second Circuit dealt a blow to the U.S. government’s extraterritorial enforcement power on Friday, August 24, 2018, in prosecuting alleged violations of the Foreign Corrupt Practices...more
8/31/2018
/ Aiding and Abetting ,
Appeals ,
Criminal Conspiracy ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Extraterritoriality Rules ,
Foreign Corrupt Practices Act (FCPA) ,
Non U.S. Person ,
Physical Presence Test ,
Popular ,
Securities and Exchange Commission (SEC)
With soaring cryptocurrency prices attracting significant new investment in late 2017, U.S. regulators sought to fill the statutory void by exercising jurisdiction over a variety of digital assets. That trend continued in the...more
6/28/2018
/ Bitcoin ,
Blockchain ,
CFTC ,
Commodities ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
Initial Coin Offering (ICOs) ,
Popular ,
Public Offerings ,
Regulatory Oversight ,
Securities ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
State Securities Regulators ,
Token Sales ,
Virtual Currency
The U.S. Commodity Futures Trading Commission (CFTC) scored a victory in its effort to assert jurisdiction over portions of the cryptocurrency and initial coin offering (ICO) markets last week, as a federal district judge...more
3/26/2018
/ CFTC ,
Commodities ,
Commodity Exchange Act (CEA) ,
Commodity Trading Advisors (CTAs) ,
CPO ,
Cryptocurrency ,
Enforcement Actions ,
Financial Industry Regulatory Authority (FINRA) ,
Fraud ,
Initial Coin Offering (ICOs) ,
Jurisdiction ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
Recent actions by financial industry regulators, including the Securities and Exchange Commission (“SEC”), the Financial Industry Regulatory Authority, Inc. (“FINRA”), and the Municipal Securities Rulemaking Board (“MSRB”),...more
2/20/2017
/ Broker-Dealer ,
Enforcement Actions ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Services Industry ,
Investment Adviser ,
MSRB ,
Pay-To-Play ,
Political Contributions ,
Securities and Exchange Commission (SEC) ,
Settlement ,
Statutory Violations
In the last two weeks, in two separate SEC enforcement actions, judges in the United States District Court for the Southern District of New York issued rulings addressing when the United States Securities and Exchange...more
2/25/2013
/ Bribery ,
Email ,
Enforcement Actions ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Nationals ,
Minimum Contacts ,
Motion to Dismiss ,
NYSE ,
Personal Jurisdiction ,
Sarbanes-Oxley ,
SEC v Sharef ,
SEC v Straub ,
Securities and Exchange Commission (SEC) ,
Siemens ,
Statute of Limitations