On July 26, 2023, the Securities and Exchange Commission (“SEC”), in a 3-2 vote, issued a release (the “Release”) containing proposed rules to address conflicts of interest associated with broker dealers’ and investment...more
9/14/2023
/ Artificial Intelligence ,
Broker-Dealer ,
Comment Period ,
Conflicts of Interest ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Investors ,
Policies and Procedures ,
Predictive Analytics ,
Proposed Rules ,
Recordkeeping Requirements ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Technology
The U.S. Securities and Exchange Commission (“SEC”) is paying considerable attention to the world of cryptocurrency (“crypto”). According to the SEC website, the SEC has brought more than 50 enforcement actions against crypto...more
7/19/2023
/ Bitcoin ,
Blockchain ,
Buyers ,
Coinbase ,
Crypto Exchanges ,
Cryptocurrency ,
Digital Assets ,
Digital Platforms ,
Enforcement Actions ,
Investment Platforms ,
Popular ,
Ripple ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Securities Regulation ,
Securities Violations ,
Sellers ,
Token Sales ,
Unregistered Securities
The world’s ever-changing technological landscape has led to the formation of new mediums of creativity — mediums that the sports and entertainment industry cannot ignore. Digital currencies, virtual universes, and enhanced...more
5/16/2023
/ Advertising ,
Athletes ,
Bitcoin ,
Celebrity Endorsements ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Disclosure ,
Enforcement ,
Entertainment Industry ,
Fines ,
Influencers ,
Initial Coin Offering (ICOs) ,
Internet Marketing ,
Marketing ,
Misrepresentation ,
Mobile Apps ,
Securities ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Social Media ,
Sports ,
Technology ,
Token Sales
On March 29, 2023, a new exemption from SEC registration for brokers providing services in mergers and acquisitions (“M&A”) transactions officially went into effect. The exemption, outlined in Section 501 of the Consolidated...more
4/10/2023
/ Acquisitions ,
Broker-Dealer ,
Brokers ,
Buyers ,
Change in Ownership ,
Consolidated Appropriations Act (CAA) ,
EBITDA ,
Exemptions ,
Mergers ,
NASAA ,
No-Action Letters ,
Privately Held Corporations ,
Registration ,
Registration Requirement ,
Section 501 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Sellers
One of the most overlooked and problematic issues concerning capital raising by small businesses, venture capital funds, and private equity funds is the use of “finders” to assist issuers with raising capital. Those who act...more
9/15/2022
/ Broker-Dealer ,
Capital Raising ,
Corporate Issuers ,
Finders ,
Investment ,
Investors ,
Private Equity ,
Regulatory Requirements ,
Safe Harbors ,
Securities and Exchange Commission (SEC) ,
Transaction-Based Compensation ,
Unregistered Brokers ,
Venture Capital